Kathmandu: Life Insurance Corporation Nepal (LICN) has proposed dividend from the accumulated profits of the Fiscal Year 2076/77. The meeting of the Board of Directors(BODs) of the company held on December 23, 2021 has proposed the dividend.
The company has proposed 21.0526 percent dividend of the paid up capital from the accumulated profits of the fiscal year 2076/77. The proposed dividend included 1.0526 percent cash dividend for tax purpose and rest for the bonus share. The paid up capital of the company is Rs.2.211 billion.
The dividend will be distributed to the shareholders after the consent for the Insurance Board and approval from the next annual general meeting.