National Life Insurance Company proposes 17.5% dividend for FY 2075/76; 15% as cash dividend and 2.5% as bonus shares

Sun, Aug 16, 2020 12:41 PM on Latest, Dividend, Bonus & Rights,

The 436th meeting of the board of directors of National Life Insurance Company Limited has proposed dividend distribution for the FY 2075/76.

The company has proposed to distribute 17.5% of the existing paid-up capital as the total dividend. 15% of the dividend has been proposed to be distributed as cash dividend and the remaining 2.5% as bonus shares. The company's existing paid-up capital is Rs. 3,08,26,26,548.

The 0.13% tax incurred during the distribution of bonus shares will be incorporated from the cash dividend.