Prime Life Insurance proposes 15% Dividend for FY 2075/76: How much in bonus shares and cash?

Prime Life Insurance Company Limited (PLIC) has proposed a 15% dividend for the fiscal year 2075/76.

The 140th meeting of the board of directors held on Mangsir 12 has proposed a 7% bonus shares and 8% cash dividend from the paid-up capital for the fiscal year 2075/76. The dividend will be distributed from the paid-up capital of Rs. 2,25,89,31,797. Thus, the bonus shares amounting to Rs. 15,81,25,226 and cash dividend amounting Rs. 18,07,14,544 will be distributed.

Note that the dividend will only be distributed after approval by Beema Samiti and endorsement by the company's upcoming AGM.

As of writing, the LTP of the company stands at Rs. 749. Prime Life Insurance Company Limited has reported decent growth in Q1 with 20.47% growth in net profit. Its EPS stands at Rs. 21.39.

Dividend History