Lumbini General Insurance (LGIL) Proposes 10% Dividend for FY 2076/77; How Much in Bonus Shares and Cash?

Lumbini General Insurance Limited (LGIL) has proposed a 10% dividend for the fiscal year 2076/77.

The meeting of the board of directors held on Baisakh 02 has decided to distribute 5% bonus shares and 5% cash dividend (including the amount for tax purposes) from the paid-up capital. The bonus shares are worth Rs. 5,70,90,000 and the cash dividend is also worth Rs. 5,70,90,000.

Note that this dividend will be distributed only after approval from Beema Samiti and endorsement by the company's upcoming AGM.

As of writing, the company's last trading day's closing stands at Rs. 835 per share.