Prudential Insurance (PICL) Proposes 8.42% Dividend: How Much in Bonus Shares and Cash?

Prudential Insurance Company Limited (PICL) has proposed 8.42% dividend. This is the dividend distributed for the fiscal year 2076/77.

The 213th meeting of the board of directors held on Magh 25 has decided to distribute 8% bonus shares and 0.42% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company is Rs. 1,02,64,32,000, the bonus shares amounting to Rs. 8,21,14,560 and the cash dividend amounts to Rs. 43,21,818.95.

Note that this dividend will be distributed only after approval from Beema Samiti and endorsement by the company's upcoming AGM. The company had not distributed any dividends for the fiscal year 2075/76. 

As of writing, the company's LTP stands at Rs. 897 per share.