If you follow the Nepal Stock Exchange or NEPSE share market, here’s hot news from the non-life insurance sector. Shikhar Insurance Company Limited (SICL) has announced a nice dividend from profits of fiscal year 2081/82.
The board meeting on Poush 1 decided to give a total 6.3158% dividend. This includes 6% bonus shares and 0.3158% cash dividend (only for tax on bonus). Great for people who love bonus shares in their Demat account!
SICL has a strong paid-up capital of Rs 2.92 Arba. That’s why it’s a popular non-life insurance company on NEPSE.
The dividend will reach shareholders after approval from Nepal Insurance Authority and the next AGM. Watch for book closure dates to qualify!
This SICL dividend is good news for NEPSE traders and long-term shareholders in the insurance sector. Bonus shares can help grow your share investment in Nepal.
If you’re into NEPSE dividend stocks, check the dividend history of SICL to see past payouts.
What do you think? Will this boost SICL share price on NEPSE? Drop your views in comments!
Keep following for more NEPSE news, share price updates, and dividend announcements from Nepal stock market.
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