Share MarketNepal Insurance offers dividend

Nepal Insurance offers dividend

Nepal Insurance (NICL) has declared a dividend to be distributed from the last financial year’s earnings.
The company has offered a total dividend of 11.5789 percent to the shareholders.

A meeting of the company’s board of directors held on Monday proposed to distribute 11 percent bonus shares of the current paid-up capital and 0.5789 percent cash dividend for tax purposes.

The proposed dividend will be received by the shareholders after the approval of the Insurance Committee and approval of the next general meeting of the company.

At present, the paid up capital of the insurance company is 1 arba 24 Crore 23 Lakh.After the bonus, the insurance capital will reach 1 Arba 37 Crore 89 lakh.

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