Today is the final day for shareholders to secure their right to dividends from Life Insurance Corporation Nepal (LIC Nepal). If you own shares in LIC Nepal and want to receive the proposed dividend, you must be listed as a shareholder by the end of today, Asar 15 (Sunday).
The company has announced a book closure for Asar 16. That means only shareholders who hold LIC Nepal shares till today will be eligible to attend the upcoming annual general meeting and claim the dividend.
LIC Nepal has proposed a 10% bonus share and an additional 0.5263% cash dividend for tax purposes, based on profits from the last fiscal year.
The company’s 23rd annual general meeting (AGM) is scheduled for Asar 30 at 10 AM at the Nepal Administrative Staff College, Jawalakhel, Lalitpur. Along with approving the dividend, the meeting will also discuss amending the company’s official documents to reflect increased paid-up capital from the bonus shares, and review the annual report, profit/loss statement, and cash flow details of the past fiscal year.
- Missing today’s deadline means you won’t be eligible for dividends.
- Bonus shares increase your total holdings, giving you more value.
- LIC Nepal is a major insurance player, and such dividend announcements can influence future investor confidence.
