September 26, 2021 | Investopaper
Prime Life Insurance Company Limited (PLIC) has proposed a dividend to the shareholders. The dividend announcement is from the fiscal year 2077/78. The board meeting of the insurance held on Ashwin 8, 2078 BS has proposed a 15.79 percent dividend.
The total dividend includes a 15 percent bonus share and a 0.79 percent cash dividend. The bonus share is worth Rs 36.25 crores and the cash dividend amounts to Rs 1.90 crores. Hence, the company plans to distribute a total dividend of Rs 38.16 crores.
The dividend is subject to approval from Beema Samiti and the upcoming annual general meeting of the insurance.
From the previous fiscal year 2076/77, Prime Life Insurance had distributed a 15 percent dividend, including a 7 bonus share and an 8 percent cash dividend to the shareholders.
As of Ashad’s end 2078 BS, Prime Life Insurance has a paid-up capital of Rs 2.41 Arba. After the issue of the bonus share, the capital will rise to Rs. 2.77 Arba.