Kathmandu. So far, 11 insurance companies have declared dividends for the fiscal year 2080.81. Out of which, 5 are life insurance companies and 6 are non-life insurance companies. Those declaring dividends are Sanima Reliance Life, Citizen Life, IME Life Insurance, Nepal Life and Suryajyoti Life Insurance Company for life insurance and Nepal Insurance, Himalayan Everest Insurance, Sanima GIC Insurance, IGI Prudential Insurance, Siddhartha Premier Insurance and Shikhar Insurance for non-life insurance. These companies have announced dividends to be distributed to their shareholders from last year’s profits.
##IME Life Insurance
IME Life Insurance Company has announced attractive returns for its shareholders. The company has decided to distribute a cash dividend (including tax) of 21.05 percent of the current paid-up capital. The company has also completed its annual general meeting.
Sanima Reliance Life Insurance
The company has decided to distribute a total dividend of 9.2489 percent of the paid-up capital as distributable dividends to shareholders from the accumulated profits of the previous fiscal year for the fiscal year 2080.81. Which includes 1.2489 percent bonus shares and 8 percent cash dividend.
#Suryajyoti Life Insurance
The company has decided to distribute a total of 20 percent dividend to its shareholders from last year’s profit. Of which the company has decided to distribute 20 percent cash dividend. This company has also completed its general meeting.
#Nepal Life Insurance
The company has decided to distribute a total dividend of 21.05 percent to its shareholders from last year’s profit. In which the company will distribute 10 percent bonus shares and 11.5 percent cash dividend. This company has closed its books on Magh 10. The company has completed its 25th Annual General Meeting on Magh 28.
#Citizen Life Insurance
The company has decided to distribute a total dividend of 28.4 percent of the paid-up capital from the distributable profit of the fiscal year 2080.81. This includes 26.98 percent bonus shares and 1.42 percent cash dividend for tax purposes. The company has closed its books.
Himalayan Everest Insurance
Himalayan Everest Insurance has decided to pay a cash dividend of 8.75 percent of the current paid-up capital (including tax on dividends) from the profits of the last fiscal year. The company has completed its annual general meeting.
Sanima GIC Insurance Company
The company has decided to give 7.5 percent bonus shares and 0.3947 percent cash dividend of the current paid-up capital for tax purposes. For the purpose of dividend and general meeting, the company has decided to close its books on Chaitra 8. This means that only the shareholders who have held the company till Chaitra 8 will be eligible to receive the dividend and participate in the meeting. The company is holding its general meeting on Chaitra 21.
IGI Prudential Insurance
The company has decided to pay a cash dividend (including tax) of 9.7368 percent of the current paid-up capital. The proposed dividend of the company will be distributed to investors after it is approved by the Insurance Authority and the upcoming annual general meeting. The company has completed its 27th Annual General Meeting on Falgun 25.
#Siddharth Premier Insurance
The company has decided to pay a cash dividend of 30 percent of the current paid-up capital to its shareholders from the profit of the last fiscal year. The company has completed its 31st Annual General Meeting on Falgun 15.
Shikhar Insurance
The company has decided to distribute a total dividend of Rs. 279,468,137, equivalent to 10.5263 percent of the current paid-up capital of Rs. 2,654,947,300, from the distributable profit of the financial year. This includes bonus shares worth Rs. 265,494,730, equivalent to 10 percent, and a cash dividend of Rs. 13,973,407, equivalent to 0.5263 percent for tax purposes. The company has already held its 20th Annual General Meeting on Falgun 13.
##Nepal Insurance
The company has announced to distribute bonus shares at the rate of 15 percent of the current paid-up capital and 0.79 percent cash dividend for tax purposes. The company is going to hold its 76th Annual General Meeting on Chaitra 19, Tuesday, to pass the proposal.
