Last Day to grab the shares of Gurans Life Insurance to get 5.25% bonus dividend

Today (Kartik 19) is the last day to grab the shares of Gurans Life Insurance Company Limited (GLICL) to get the dividend for the fiscal year 2074/75.

The company has proposed a 5.25% bonus shares as a dividend for the fiscal year 2074/75. Thus, investors who can manage to get the shares of Gurans Life Insurance today will get the dividend that is already proposed. This is because tomorrow (Kartik 20) is the book closure date, and investors maintained beyond the book closure date are not entitled to the dividend distribution.

It should be noted that Gurans Life Insurance Company Limited had previously proposed a 10.5% bonus shares as a dividend for the fiscal year 2074/75. However, the company did not organize its AGM and issued 100% right shares to its shareholders instead. The paid-up capital increased to double its value from 93.85 crores to 1.87 Arba.

Hence, to keep the same amount of the dividend as bonus shares, the company has amended its dividend to 5.25%. The upcoming AGM will endorse this dividend. Note that this is half the dividend percentage of the previously proposed 10.5%. This is done to compensate for the doubling of the paid-up capital. Needless to say, investors will get the same monetary amount of bonus shares.

Furthermore, Kartik 20 is also the book closure date for the upcoming AGM. Thus, investors maintained till today will also get to attend the AGM.