Fri, Apr 26, 2024
National Life Insurance (NLICL) has announced a dividend of the last FY. The 405th board of directors meeting of the company held on January 14 decided to propose 13.5 percent stock dividend and cash dividend applicable to the dividend to its shareholders.
The proposed dividend is subjected to approval from Insurance Board and its upcoming AGM.
Presently, the company has a paid-up capital of Rs 2.649 billion which will reach Rs 3.007 billion after the bonus share distribution.
The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.