Nepal Insurance Company Limited (NICL) has announced a 15.79% dividend proposal for the fiscal year 2080/81. This decision was made during the board of directors meeting on Falgun 24, 2081. The proposed dividend consists of both bonus shares and a cash dividend, pending approval from regulatory authorities and the company’s Annual General Meeting (AGM).
Key Highlights of the Dividend Proposal
- Total Dividend: 15.79% (15% in bonus shares and 0.79% in cash).
- Paid-up Capital: Rs. 1.63 Arba.
- Bonus Shares Value: Rs. 24.66 Crores.
- Cash Dividend Value: Rs. 1.29 Crores (tax included).
- Pending Approvals: Nepal Insurance Authority and AGM endorsement.
Breakdown of Dividend Distribution
- Bonus Shares: 15% of the paid-up capital, totaling Rs. 24.66 Crores.
- 0.79% of the paid-up capital, amounting to Rs. 1.29 Crores will be distributed as Cash Dividend (inclusive of tax).
The company’s paid-up capital is Rs. 1.63 Arba, which serves as the basis for the dividend calculation.
Approval Process
The proposed dividend will be disbursed only after receiving:
- Approval from the Nepal Insurance Authority.
- Endorsement from the company’s AGM.
Once these approvals are secured, shareholders will be eligible to receive the declared dividend.
Nepal Insurance Company Dividend History:
Conclusion
Nepal Insurance Company Limited’s dividend proposal reflects its strong financial standing and commitment to rewarding its shareholders. The distribution of 15.79% in dividends, combining bonus shares and cash, underscores the company’s sustained growth and profitability in FY 2080/81. Once regulatory and shareholder approvals are obtained, the dividend will be distributed accordingly.
