United Insurance announces 20% stock dividend; Paid up capital to reach Rs. 30.24 crore

United Insurance Company (Nepal) Limited (UIC) has decided to distribute 20 percent bonus share and 0.57 percent cash dividend for tax purpose to its shareholders. The 254^th BOD Meeting of the company held on Chaitra 24, 2072 has proposed 20 percent bonus share and 0.57 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subject to approval from insurance board and the insurance’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71, UIC had distributed 1:1.5 ratio right share to their shareholders. United Insurance had earned net profit of Rs. 93.25 lakh in the second quarter of current fiscal year 2072/73 unaudited report. It’s paid up capital remains at Rs. 25.20 crore. After distributing 20 percent bonus share it’s paid up capital will rise to Rs. 30.24 crore.