Himalayan General Insurance proposes 15% cash dividend

Himalayan General Insurance Company Limited (HGI) has proposed 15% cash dividend to its shareholders. As per the notice published in NEPSE today, the 219th BOD meeting of the company held on Mangsir 5, 2074 has decided to distribute cash dividend worth Rs 5.77 crore including for tax purpose from the profit it had earned in the FY 2073/74. The decision is subjected to the approval from concerned authority and upcoming AGM. Its paid up capital stands at Rs 1.02 arba after the recent 166.67% right share. The proposed 15% cash dividend is calculated in the paid-up capital before issuance of right share. The shareholders are eligible for 5.62% cash dividend after adjustment of the capital after right issuance. HGI has already met the capital requirement of Rs 1 arba as directed by the Insurance Board, Earlier, it had distributed 20% bonus shares to its shareholders in FY 2072/73. HGI had earned Rs 2.23 crore in the first quarter in the FY 2074/75. Its LTP stands at Rs 682 as of last trading day.