Life Insurance Corporation (Nepal) Proposes 37.89% Dividend

Aug 10, 2018 Merolagani

Life Insurance Corporation Nepal (LICN) has proposed of distributing 37.89 percent dividends to its shareholders.

The 94th board of directors meeting of the company held on 9th August decided to distribute 36 percent bonus share and 1.89474% cash dividend for tax purpose.

The proposed dividend is subjected to approval from Insurance Board and upcoming 16th AGM of the company.

Presently, the company has a paid-up capital of Rs 1.33 billion which will reach Rs 1.81 billion after the bonus share distribution.

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