National Life Insurance book closure on Friday; Upcoming AGM to endorse 38% dividend
Thu, Apr 23, 2015 12:00 AM on Book Closure,
ShareSansar, April 22:
Today is the last day for the investors to get hold of the shares of National Life Insurance Company (NLICL) before the book closure on Friday in view of the upcoming AGM.
Investors buying the shares of the National life Insurance Company till Thursday would be entitled for 30% bonus shares and 8% cash dividend that the BoD of the company has proposed.
The NLICL AGM, to take place on Baisakh 29, is expected to endorse endorse the dividends being offered to shareholders from the net profit the company earned in last fiscal year 2070/71.
After the issuance of 30% stock dividend, the paid up capital of NLICL will rise to Rs 101.91 crore from the existing Rs 78.39 crore.
For the fiscal year 2071, the company has reported a slight growth in net income from premium. Its premium income rose to Rs 2.39 arba from Rs 2.01 arba reported last year.
