Dividend History of Himalayan Reinsurance Limited (HRL)
Himalayan Reinsurance (HRL) had recently issued IPO to the general public at premium price and was listed in Nepal Stock Exchange (NEPSE) on 7 Jan, 2024. Now, the company has already announced its first dividend of 4.21 percent to its shareholders.
Himalayan Reinsurance has announced its first dividend in combination of 4 percent bonus share and 0.21 percent cash dividend.
Dividend History of Himalayan Reinsurance (HRL)
The table below presents the dividend history of Himalayan Reinsurance (HRL) since FY 2079/80:
| Fiscal Year | Bonus Share (%) | Cash Dividend (%) | Total Dividend (%) |
|---|---|---|---|
2079/80 |
4 |
0.21 |
4.21 |
About the Company
Himalayan Re is the first private sector reinsurance company established in the Republic of Nepal. The company offers Reinsurance support to Life and General Insurance Companies in Nepal and overseas.
Promoters of Himalayan Re include leading business houses of Nepal like IME Group, Golchha Group, Shanker Group and Nepal Bank, Rastriya Banijya Bank Limited. Himalayan Re is also the only company holding international rating in Nepal with rating of B+ (Good) from AM Best.
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