Last day to clinch NLICL’s 55% bonus share, 17.5% cash

ShareSansar, May 25:

Today is the last day to clinch 55 percent bonus share and 17.5 percent cash dividend offered by National Life Insurance Company Limited (NLICL) from the net profit it posted in the last fiscal year 2069/70.

Back in April the life insurer had announced book closure from May 26 for its Annual General Meeting slated for June 13 to formally endorse 72.5 percent dividend –55 percent bonus share and 17.5 cash – to the shareholders from the net profit it posted in the last fiscal year.

This means that only those shareholders who already hold the scrip by today only will be entitled for the bonus share and the dividend.

This comes at a time when other leading life insurers have been proposing handsome dividend to their shareholders, and there are rumors in the market that the Insurance Board is planning to ask these companies to raise their paid-up to Rs 2 arba shortly.

Following the dividend, NLICL’s paid-up capital will shore up to Rs 77.5 crore, up from the current Rs 50 crore.