Prabhu Insurance Announces Dividend

Dec 13, 2019 11:48 AM Merolagani

Prabhu Insurance (PRIN) has announced dividend of the last FY. The 378th board of directors meeting of the company held on December 12 decided to propose 16.32 percent dividend to its shareholders.

The company will distribute 5 percent stock and 11.32 percent cash dividend including tax 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 billion that will reach Rs 1.05 billion after the bonus share distribution.

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