Share MarketNLG Insurance Proposes Dividend

NLG Insurance Proposes Dividend

NLG Insurance has declared a dividend. The company has proposed dividend from the profits of the last fiscal year 2077/78.

A meeting of the board of directors of the company held on Thursday evening proposed a dividend of 10.52 percent of the last fiscal year’s profit.

The Board of Directors has proposed to distribute 10 percent bonus share of the existing paid up capital and 0.5263 percent cash dividend for tax purposes.

The dividend will be received by the shareholders after the approval of the next general meeting after the approval of the insurance committee.

After the distribution of 10 percent bonus shares to the shareholders, the paid up capital of the company will reach Rs 1 arba 32 crore 66 Lakh.

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