Shikhar Insurance Proposes 10.5263 Percent Dividend
January 31, 2025 | Investopaper
Shikhar Insurance Company Limited (SICL) has announced the dividend to the shareholders. The dividend declaration is from the fiscal year 2080/81.
The company has proposed a 10.5263 percent dividend. The total dividend includes a 10 percent bonus share and a 0.5263 percent cash dividend (for tax purposes).
As of Ashad’s end 2081 BS, Shikhar Insurance has a paid-up capital of Rs 265.49 crores. At this capital, the bonus share amounts to Rs. 26.54 crores while the cash dividend is worth Rs. 1.39 crores.
The dividend is subject to approval from Nepal Insurance Authority and the upcoming AGM of the company.
From the previous fiscal year 2079/80, the company didn’t provide any dividend to the shareholders. However, from the fiscal year 2078/79, SICL had distributed a 16.8421 percent dividend, including a 16 percent bonus share.
Suggested Readings:
Dividend History Of Shikhar Insurance Company Limited (SICL)
