Prabhu Insurance Announces 11.58 Percent Dividend from FY 2077/78

January 14, 2022 | Investopaper

Prabhu Insurance Company Limited (PRIN) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2077/78.

The company has proposed an 11.58 percent dividend. The total dividend includes an 11 percent bonus share and a 0.58 percent cash dividend (for tax purposes).

As of Ashad’s end 2078 BS, Prabhu Insurance has a paid-up capital of Rs 116.19 crores. At this capital, the bonus share is worth Rs 12.78 crores while the cash dividend amounts to Rs 67.26lakhs.

From the previous fiscal year 2076/77, the company had provided 10.53 percent dividend to the shareholders, including a 10 percent bonus share. Likewise, in the fiscal year 2075/76, Prabhu Insurance had distributed a 16.32 percent dividend to its shareholders, including a 5 percent bonus shares and 11.32 percent cash dividend.

The dividend is subject to approval from the Insurance Board (Beema Samiti) and the upcoming AGM of the company.

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