Premier Insurance Proposes 15 percent dividends

Kathmandu: Premier Insurance Company has proposed a dividend of of 15 per cent of the existing paid-up capital, including 7.5 per cent bonus shares and 7.5 per cent cash dividend for tax purposes.

A meeting of the company’s board of directors held on November 19 has proposed the dividend from the profit made in FY 2077/78. The proposed dividend is subject to prior approval from the Insurance Board(IB).
The proposed dividend will be received by the investors only after the approval of the IB and then approval from the upcoming annual general meeting of the company.

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