Dividend History of Life Insurance Corporation Nepal (LICN)
Life Insurance Corporation Nepal (LICN) has an attractive dividend history. Its dividend history when compared to other life insurance companies is satisfactory. Life Insurance Corporation Nepal has distributed dividend ranging from 10.52% to 70% within the last ten fiscal years.
LICN has not announced any dividend for fiscal year 2077/78. It had distributed 70% dividend for the fiscal year 2074/75 which included 34.46% bonus shares and 35.53% cash dividend.
Dividend History of Life Insurance Corporation Nepal (LICN)
Life Insurance Corporation Nepal (LICN) has distributed dividend to its shareholders at an average of 29.50% in last ten fiscal years. The table below presents the dividend history of Life Insurance Corporation Nepal (LICN) since fiscal year 2068/69
| Fiscal Year | Bonus Shares (%) | Cash Dividend (%) | Total Dividend (%) |
|---|---|---|---|
| 77/78 | N/A | N/A | N/A |
| 76/77 | 20 | 1.0526 | 21.0526 |
| 75/76 | 10 | 0.5263 | 10.5263 |
| 74/75 | 34.46 | 35.53 | 70 |
| 73/74 | 12 | 0.63 | 12.63 |
| 72/73 | 24.8 | 1.3 | 26.1 |
| 71/72 | 25 | 1.32 | 26.32 |
| 70/71 | 30 | 1.58 | 31.58 |
| 69/70 | 30 | 1.57 | 31.57 |
| 68/69 | 62 | 3.26 | 65.26 |
About the Company
Life Insurance Corporation Nepal Limited is one of the largest insurance company of Nepal with 55% of ownership held by L.I.C. of India, 25% by Vishal Group and 20% by general public of Nepal. LICN started its operation in Nepal since 2001 and has got the life insurance license from Insurance Board of Nepal (Beema Samiti). Life Insurance Corporation is operating business in total of ten countries including those from Asia, Africa and Europe.
The company has 26,532,000 listed in Nepal Stock Exchange (NEPSE) and is traded as LICN. As of 11 October, 2022 LICN has the highest share price of Rs 1,229.00 among life insurance companies listed in NEPSE.
As per the latest financial report of Life Insurance Corporation Nepal (LICN) for fiscal year 2078/79,the company has posted a net loss of Rs 8.74 crores. The company has negative earning per share and its net worth per share is Rs 136.79.
Key Financial Ratios of LICN for fiscal year 2078/79
| Earning Per Share (EPS) | – Rs 3.30 |
| Net Worth Per Share | Rs 136.79 |
| Price Earning Ratio (P/E Ratio) | -429.16 |
Read More : Dividend History of Pokhara Finance Limited (PFL)