United Ajod Insurance Limited (UAIL) has put forth a proposal for a 10.8013% dividend for the fiscal year 2079/80. This decision was reached during a board of directors meeting held on Magh 04. The proposed dividend distribution includes 10.2612% in bonus shares and 0.5401% in cash dividend, the latter being designated for tax-related purposes. The current paid-up capital of the company stands at Rs. 1.90 Arba.
The finalized distribution of the dividend is contingent upon approval from the Nepal Insurance Authority and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). UAIL concluded at Rs. 656 on Thursday.