Himalayan Reinsurance Limited Proposes 4.21% Dividend for FY 2079/80; How Much in Bonus Shares and Cash?

Fri, Feb 9, 2024 10:12 AM on Dividend, Bonus & Rights, Latest,

Himalayan Reinsurance Limited (HRL) has proposed a 4.21% dividend for the fiscal year 2079/80.

The 55th board of directors meeting on Magh 25 decided to distribute the dividend on the paid-up capital of Rs. 10 Arba. 4% bonus shares and 0.21% cash dividend (tax purposes) have been proposed. Thus, the bonus shares are worth Rs. 40 crores and the cash dividend is worth Rs. 2.10 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. 689.00 yesterday.

The company has recently issue IPO at premium price.