Neco Insurance Announces Dividend

Jul 03, 2019 12:04 PM Merolagani

Neco Insurance has announced dividend of the last FY. The 370th board of directors meeting of the company held on July 2 decided to propose 12.063 percent dividend to its shareholders.

The company will distribute 12 percent stock dividend worth Rs 141.1 million and 0.63 percent cash dividend worth Rs 7.4 million for tax purpose to the 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 1.17 billion that will reach Rs 1.31 billion after the bonus share distribution.



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NEPSE Adjusts Stock Price of Oriental Hotels

Oct 15, 2019 10:54 AM

Nepal Stock Exchange (NEPSE) has adjusted stock price of Oriental Hotels (OHL) on October 15 after the announcement of 5 percent stock dividend following the book close for its upcoming AGM.