Kathmandu, May 9: Prabhu Life Insurance Limited has proposed a 10.526% dividend for the fiscal year 2077/78 BS. This is the company’s first dividend after being listed in NEPSE.
The 140th meeting of the board of directors held on Baisakh 25, 2080 BS has decided to distribute 10% bonus shares and 0.526% cash dividend (including the amount for tax purposes) from the paid-up capital. The paid-up capital of the company is Rs. 2 billion. Thus, the bonus shares are worth Rs. 20 crores, and the cash dividend is worth Rs 1.05 crores.
The dividend will be distributed only after approval from Nepal Insurance Authority and endorsement by the company’s upcoming AGM.
