National Life Insurance (NLICL) amends dividend for FY 2075/76: Company to give more bonus shares

National Life Insurance Company Limited (NLICL) has revised its proposed dividend for the fiscal year 2075/76.

The company had previously proposed 17.5% of the existing paid-up capital as the total dividend. 15% of the dividend was proposed as a cash dividend and the remaining 2.5% as bonus shares. The proposal was sent to Beema Samiti for approval. However, since the dividend violated the Financial Reports Directive, Beema Samiti had instructed the company to revise the dividend.

Thus, the 438th meeting of the board of directors has decided to distribute a 10.53% dividend instead. Now, 10% bonus shares and 0.53% cash dividend (for tax purposes) will be distributed. The company's existing paid-up capital is Rs. 3,08,26,26,548.

As of writing, the LTP of the company is Rs. 1,100.