Himalayan Reinsurance Limited Proposes 4.74% Dividend for FY 2080/81; How Much in Bonus Shares and Cash?

Himalayan Reinsurance Limited (HRL) has proposed a 4.74% dividend for the fiscal year 2080/81.

The 71st board of directors meeting on Baishakh 22 decided to distribute the dividend on the paid-up capital of Rs. 10.40 Arba. 4.5% bonus shares and 0.24% cash dividend (tax purposes) have been proposed. Thus, the bonus shares are worth Rs. 46.80 crores, and the cash dividend is worth Rs. 2.46 crores.

The dividend will be distributed only after approval by the central bank and endorsement by the company's upcoming AGM.

HRL closed at Rs. 970.69 yesterday.

HRL had proposed a 4.21% dividend in the last fiscal year.