National Life Insurance Company Proposes 15% Dividend for FY 2080/81

National Life Insurance Company Limited (NLICL) has proposed a 15% dividend for the fiscal year 2080/81.

The 550th meeting of the board of directors held on Baishakh 31 decided to distribute dividends on the paid-up capital of Rs. 5.21 Arba. The proposal includes a 5% bonus share worth a little over Rs. 26.06 crores and a 10% cash dividend totaling Rs. 52.12 crores. Additionally, a 0.789473% cash dividend amounting to Rs. 4.11 crores has been proposed to cover the tax amount on the distributed bonus shares and cash dividend.

The dividend will be distributed only after approval by the Nepal Insurance Authority and endorsement by the company's upcoming AGM. As of writing, NLICL has an LTP of Rs. 612.86.

Dividend History: