Last day to secure dividend of Life Insurance Corporation

Mar 03, 2019 Merolagani

Today is the last day to secure dividend of Life Insurance Corporation Nepal (LICN). The company is closing its book from March 5, thus, the shareholders registered in its book till March 3 (last trading day before book close, March 4 being public holiday for Maha Shivaratri)  will be eligible to attend the AGM and obtain the announced dividend.

The company is conducting its 16th AGM on March 18 in Rastriya Sabha Griha, Exhibition Road, Kathmandu at 9:00 AM.

The meeting will endorse a proposal of distributing 12 percent stock and 0.63 percent cash dividend for tax purpose to its shareholders for FY 2073/74. The company that previously proposed of distributing 37.89 percent cut the dividend after IB interference.

Presently, the company has a paid-up capital of Rs 1.33 billion that will reach Rs 1.49 billion after the stock dividend.

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