December 26, 2022 | Investopaper
Premier Insurance Company Limited (PIC) has revised the dividend to the shareholders. The dividend announcement is from the fiscal year 2078/79.
The company has proposed a 15 percent dividend, including a 14.25 percent bonus share and a 0.75 percent cash dividend (for tax purposes).
Previously, the company had declared a 15 percent dividend, including a 5 percent bonus share and a 10 percent cash dividend. However, as per the direction of Nepal Insurance Authority, the company has amended the dividend.
As of Ashad’s end 2079 BS, Premier Insurance has a paid-up capital of Rs 122.76 crores. At this capital, the bonus share is worth Rs 17.49 crores while the cash dividend amounts to Rs 92.07 lakhs
The dividend is subject to approval from upcoming AGM of the insurance.
From the previous fiscal year 2077/78, Premier Insurance distributed a 15 percent dividend to the shareholders, including a 14.25 percent bonus share and a 0.75 percent cash dividend.