Asian Life Insurance (ALICL) Proposes 27% Dividend for FY 2076/77

Wed, Nov 17, 2021 10:40 AM on Dividend, Bonus & Rights, Latest,

Asian Life Insurance Company Limited (ALICL) has proposed a 27% dividend for the fiscal year 2076/77.

The meeting of the board of directors held on Kartik 30 decided to distribute the dividend on the paid-up capital of Rs. 2.01 Arba. 25% bonus shares worth slightly over Rs. 50.26 crores and 2% cash dividend (for tax purposes) worth slightly over Rs. 4.02 crores have been proposed.

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

As of writing, ALICL has an LTP of Rs 1,293.50.

Dividend History: