Last day to clinch 20% bonus share of SIC; Book Closure tomorrow

Today is the last trading day in NEPSE to grab the dividend of Sagarmatha Insurance Company Limited (SIC).

Sagarmatha Insurance Company Limited (SIC) has called its 25th AGM on 28th Baisakh, 2079 and has published its financial highlights of fiscal year 2077/78. The meeting will be held in Lainchaur Banquet, Kathmandu starting at 10: 30 am that day.

The book closure date is tomorrow i.e Baisakh 16, 2079. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend this AGM.

Among other agendas, the AGM will endorse a 21.05263% dividend for the fiscal year 2077/78. The 310th meeting of the board of directors held on Falgun 12 decided to distribute the dividend on the paid-up capital. 20% bonus shares and 1.05263% cash dividend have been proposed. The cash dividend has been proposed for the tax amount on bonus shares. The paid up capital of the company will be Rs 133.35 crore upon adjustment of this bonus shares.

The LTP of SIC was Rs. 1,311.