Sanima Reliance Life Insurance has announced its dividend distribution for shareholders. The company’s 38 board of directors meeting held on 7th falgun has decided to distribute an 8% cash dividend and a 1.2489% bonus share to its shareholders. Following the issuance of the bonus shares, the company’s paid-up capital will reach NPR 5 Arba. Currently, the paid-up capital stands at NPR 4.95 Arba.
Key Highlights
Dividend Approval and Shareholder Benefits
The dividend will be distributed to investors after it is approved in the company’s annual general meeting (AGM). This move is expected to benefit shareholders significantly, reflecting the company’s strong financial performance and commitment to rewarding its investors.
Current Market Performance
In the market, the company’s share price is currently trading at NPR 449 per share. This announcement is likely to boost investor confidence and positively impact the stock’s performance in the coming days.
Conclusion
Sanima Reliance Life Insurance has proposed an attractive dividend and bonus share distribution for its shareholders. With an 8% cash dividend and 1.2489% bonus shares, the company aims to reward its investors while increasing its paid-up capital to Rs. 5 Arba. Shareholders will receive these benefits after the proposal is approved in the upcoming AGM.