National Life Insurance Company Limited (NLICL) has proposed a 20% dividend for the fiscal year 2076/77.
The 461st meeting of the board of directors held on Magh 12 decided to distribute the dividend on the paid-up capital of Rs. 3,39,08,89,203.
19% bonus shares and 1% cash dividend have been proposed. Thus, the bonus shares are worth Rs. 64,42,68,949 and the cash dividend is worth Rs. 3,39,08,892. The cash dividend has been proposed for the tax amount on bonus shares.
The dividend will be distributed only after approval by Beema Samiti and endorsement by the company's upcoming AGM. NLICL closed at Rs. 1,120 yesterday.
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