IME Life Insurance the Adjusts Dividend Distribution percentage for the fiscal year 2079/80, moving it from 34.5% to 26.3158%.
Previously, the company planned to use the paid-up capital of Rs. 13.20 Crores to propose a 9.5% cash dividend (including for tax considerations) and 25% bonus shares worth Rs. 1 Arba.
Distribution of the dividend was dependent on approval by the Nepal Insurance Authority and the upcoming AGM of the company. The corporation has modified the dividend to 26.3158%, or Rs. 1.05 Arba, under the suggestions made by the Nepal Insurance Authority.
The dividend for the fiscal year 2079–2080 was revised by the Board of Directors to 26.3158%, which includes 25% bonus shares and a 1.3158% cash dividend, during their 193rd meeting, which was held on Baishakh 21, 2081. In particular, the proposed 1.3158% cash dividend (for tax reasons) is valued at Rs. 5.26 crore, while the 25% bonus shares are valued at Rs. 1 Arba.
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