1,00,79,958.93 unit bonus shares of Nepal Life Insurance Company Limited (NLIC) have been listed in NEPSE for trading.
The 21st AGM of the company held on 21st Chaitra, 2078 endorsed 14.7368% dividend for the fiscal year 2076/77. The 332nd meeting of the board of directors held on Magh 21 decided to distribute the dividend on the paid-up capital of Rs. 7,19,99,70,661. 14% i.e 1,00,79,958.93 unit bonus shares worth slightly over Rs. 1 Arba and 0.7368% cash dividend (for tax) worth slightly over Rs. 5.3 crores were proposed.
Chaitra 07 was the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout. NLIC closed at Rs. 773 yesterday.