Life Insurance Corporation Announces Bumper Dividend

May 29, 2019 Merolagani

Life Insurance Corporation Nepal (LICN) has announced attractive bonus for the last FY. The board of directors meeting of the company held on May 28 decided to propose 70 percent dividend to its shareholders.

The company will distribute 34.4626 percent stock and 35.5373 percent cash dividend to the shareholders.

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

Presently, the company has a paid-up capital of Rs 1.49 billion that will reach above Rs 2 billion after the distribution of the stock dividend.

comments powered by Disqus

8k New Faces Enters Stock Market In a Month

Jan 20, 2020 11:26 AM

After a long fall, finally, domestic stock market is gaining some momentum.  The dim signal of recovery shown by the sole secondary market of the country has managed to attract nearly 8,788 new investors within a month of Poush.