NLG Insurance Company Limited (NLG) has proposed a dividend of 5.78947% for the fiscal year 2079/80. In the 422nd meeting of the board of directors held on Poush 29, the decision was made to distribute this dividend on the paid-up capital of Rs. 1,45,92,75,791. The proposed dividend includes 5.5% bonus shares valued at slightly over Rs. 8.02 crores and a 0.28947% cash dividend (for tax purposes) amounting to Rs. 42.24 lakhs. It’s important to note that the distribution of the dividend is contingent upon approval from the Nepal Insurance Authority and endorsement during the company’s upcoming Annual General Meeting (AGM). NLG’s closing stock price last Thursday was Rs. 845.40.
The dividend history of NLG indicates its consistent efforts to reward shareholders. The graphical representation illustrates the company’s commitment to providing returns to its investors over time.