Asian Life Insurance Announces 5.36% Dividend for FY 2080/81
Asian Life Insurance Company (ALICL) has proposed a 5.3684% dividend for the fiscal year 2080/81. The announcement includes 5.1% bonus shares and a 0.2684% cash dividend, mainly to cover taxes.
The decision was made during the company’s 204th board meeting held on Jestha 25. In total, the proposed dividend is worth Rs. 18.25 crores, with Rs. 17.33 crores in bonus shares and a little over Rs. 91.25 lakhs in cash. The company’s current paid-up capital stands at Rs. 4.82 Arba.
This dividend proposal will require approval from the Nepal Insurance Authority and the company’s upcoming AGM.
At last trading, ALICL shares closed at Rs. 494.91 on NEPSE.
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