Kathmandu. fiscal year 2080. So far, 13 insurance companies have declared dividend for 81. Of these, nine are life insurance companies and nine are non-life insurance companies. Lic Nepal, National Life Insurance, Reliable Nepal Life, Prabhu Mahalaxmi Life, Sanima Reliance Life Insurance, Citizen Life, IME Life Insurance, Nepal Life and Suryajyoti Life Insurance Company have declared dividend.
NLG Insurance, Nepal Insurance, Himalayan Everest Insurance, Sanima GIC Insurance, IGI Prudential Insurance, Siddhartha Premier Insurance, Sagarmatha Lumbini Insurance, Neco Insurance and Shikhar Insurance are in the non-life category. These companies have announced dividends to be distributed to their shareholders from last year’s profits.
LIC Nepal
Life Insurance Corporation (LIC Nepal) The government has decided to distribute a total dividend of 10.526 percent of the existing paid-up capital of Rs 5 billion to its shareholders from the profit of Rs 81. This includes 10 per cent bonus share and 0.526 per cent cash dividend for tax purposes. The company has also not fixed the date of general meeting and book closure.
National Life Insurance
National Life Insurance for the fiscal year 2080. The government has decided to distribute 15 per cent dividend to its shareholders including 5 per cent bonus share and 10 per cent cash dividend of the existing paid-up capital. The company has not fixed the date of general meeting and book closure.
The company has said that the cash dividend will be adjusted at the rate of 0.789473 percent for the purpose of tax on the proposed cash dividend and bonus shares.
Reliable Nepal Life
The company has announced the dividend to be distributed to its shareholders from the profits of the last financial year. A meeting of the board of directors of the company held on May 12 decided to distribute 0.6315 percent cash dividend at the rate of 12 percent for the purpose of tax on bonus shares and dividends. The proposed dividend of the company will be distributed to the investors after it is approved by the authority and approved by the company’s upcoming annual general meeting. The company has not fixed the date of the general meeting.
Prabhu Mahalaxmi Life Insurance
The company fy 2080. It has been decided to distribute a total dividend of 8.421 percent of the current paid-up capital from the distributable profit for 81. This includes 8 percent bonus share and 0.421 percent cash dividend for tax purposes. The company is scheduled to hold its 8th Annual General Meeting (AGM) on June 15.
The company has decided to close the book for one day on May 15 for the purpose of general meeting and dividend distribution. Therefore, the shareholders who have been traded in NEPSE till May 15 will be able to receive the proposed dividend and participate in the meeting.
IME Life Insurance
IME Life Insurance Company has announced attractive returns for shareholders. The company has decided to distribute 21.05 percent cash dividend (including taxes) of its current paid-up capital. The company has also held its annual general meeting.
Sanima Reliance Life Insurance
The company fy 2080. It has been decided to distribute a total dividend of 9.2489 percent of the paid-up capital to the shareholders from the accumulated profits of the last fiscal year. This includes 1.2489 percent bonus shares and 8 percent cash dividend. The company’s general meeting has already been held.
Suryajyoti Life Insurance
The company has decided to distribute a total dividend of 20 percent to its shareholders from last year’s profit. The company has decided to distribute 20 percent cash dividend. The company has also held 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. The company will distribute 10 percent bonus shares and 11.5 percent cash dividend. The company has already concluded its 25th Annual General Meeting on February 15.
Citizen Life Insurance
The company fy 2080. It has been decided to distribute 28.4 percent dividend of the current paid-up capital from the distributable profit of Rs 81. This includes 26.98 percent bonus shares and 1.42 percent cash dividend for tax purposes. The company has also held a general meeting.
Himalayan Everest Insurance
Himalayan Everest Insurance has decided to pay 8.75 percent cash dividend (including tax on dividend) of the current paid-up capital from the profits of the last fiscal year. The company has already held 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. The company has already held its general meeting on March 15.
IGI Prudential Insurance
The company has decided to pay 9.7368 percent cash dividend (including taxes) of its current paid-up capital. The company has already concluded its 27th Annual General Meeting on March 15.
Siddhartha 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 financial year. The company has already held its 31st Annual General Meeting on February 15.
Shikhar Insurance
The company has decided to distribute a dividend of Rs 279.468 million, which is 10.5263 percent of the current paid-up capital of Rs 2.65 billion. Of this, 10 percent is a bonus share of Rs 265.49 million and a cash dividend of Rs 13.97 million for tax purposes of 0.5263 percent. The company has already concluded its 20th Annual General Meeting on February 15.
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 its tax purposes. The company held its 76th Annual General Meeting (AGM) on Tuesday.
Sagarmatha Lumbini Insurance
The company will distribute 15 percent cash dividend (including taxes) of the current paid-up capital from the profits of the last fiscal year. Accordingly, the company will distribute a cash dividend of Rs 393,395,730 to the shareholders. The company has held its annual general meeting on May 15.
The company had closed the book on April 15 for the purpose of annual general meeting and dividend. This means that only the shareholders who have been retained till April 15 will be eligible for dividend.
Neco Insurance
The company fy 2080. It has been decided to distribute a dividend of 7.3684 percent of the current paid-up capital from last year’s profit. This includes 7 percent bonus share and 0.3684 percent cash dividend for tax purposes. The general body meeting has already been held on May 15.
NLG Insurance
The company fy 2080. It has been decided to distribute a total dividend of 2.631579 percent of the current paid-up capital of Rs 2.50 billion from the accumulated profit up to Rs 81. Of this, 2.5 percent is a bonus share of Rs 62.56 million and 0.131,579 percent is cash of Rs 3,292,971 for tax purposes.
The company has decided to close the book on June 15 for the purpose of general meeting and dividend. This means that only the shareholders who have been in office till June 15 will be eligible to receive dividends and participate in the meeting. The company has decided to hold its 19th Annual General Meeting on June 15. The meeting will begin at 11:00 am at Amrapali Banquet in Baluwatar, Kathmandu.
