Nepal Life Insurance Announces Dividend

Mar 03, 2019 Merolagani

Nepal Life Insurance (NLIC) has announced a dividend of the last FY. The 282nd board of directors meeting of the company held on March 1 decided to propose 48.5 percent dividend.

The insurance company proposed distributing 25 percent stock and 23.5 percent cash dividend to its shareholders. In the previous FY, the company distributed 70.53 percent dividend including 42 percent stock and 28.53 percent stock dividend.

The proposed dividend is subjected to approval from IB and its upcoming AGM.

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