NLICL's 72.5% dividend from Friday; Salt Trading's 15% from Monday

ShareSansar, June 18:

National Life Insurance Company Limited (NLICL), which held its Annual General Meeting last week, has decided to distribute from Friday 72.5 percent dividend – 55 percent bonus share and 17.5 cash – to the shareholders from the net profit it posted in the last fiscal year 2069/70.

Issuing a notice today, the life insurer has stated that the dividends can be collected from its central office at Narayanchaur, Naxal in Kathmandu from 10:30 AM to 3:00 PM all through the week days.

After distribution of the dividend, NLICL’s paid-up capital will shore up to Rs 77.5 crore, up from the current Rs 50 crore.

The 26th AGM of NLICL held at its newly constructed building at Lazimpat had also endorse a special proposal to raise its authorized capital to Rs 2 arba.

Once NLICL’s Board of Directors decided to pledge 72.5 percent dividend back in April,  the company’s shares has witnessed a high turnover at the stock exchange.

Meanwhile, Salt Trading Corporation Limited has also decided to distribute 15 percent cash dividend it had pledged to the shareholders from the net profit it posted in the last fiscal year.

The dividend can be collected from Monday onward from the accounts section of Salt Trading’s head office at Kalimati in Kathmandu or from the concerned district offices of the company during the office hours.