December 4, 2022 | Investopaper
NLG Insurance Company Limited (NLG) has announced dividend to the shareholders. The dividend declaration is from the fiscal year 2078/79.
NLG Insurance has proposed a 10.5263158 percent dividend. The total dividend includes a 10 percent bonus share and 0.5263158 percent cash dividend (for tax purpose).
As of Ashad’s end 2079 BS, NLG has a paid-up capital of Rs 132.66 crores. At this capital, the bonus share is worth Rs 13.26 crores while the cash dividend amounts to Rs 69.82 lakhs.
From the previous fiscal year 2077/78, NLG had distributed a 10.53 percent dividend, including a 10 percent bonus share.
The dividend is subject to approval from Nepal Insurance Authority and the upcoming AGM of the insurance.
Recommended: Dividend History Of NLG Insurance Company