Everest Insurance Company Limited (EIC) has proposed an 8.42% dividend for the fiscal year 2076/77. The 110th meeting of the board of directors held on Falgun 20 decided on the matter.
The company has proposed 8% in bonus shares and 0.42% cash dividend for tax purposes. Since the paid-up capital of the company is Rs. 1,09,59,30,000, the bonus shares are worth Rs. 8,76,74,400 and the cash dividend is worth Rs. 46,14,442.
Note that the dividend will be distributed only after approval by Beema Samiti and endorsement by the company's upcoming AGM. While writing this, the LTP of the company stands at Rs. 687.