NLG Insurance has announced a dividend for its shareholders. The decision was made during the company’s board of directors meeting held on Poush 7. The dividend has been proposed from the profit of the fiscal year 2081/82.
According to the decision, the company will distribute a 4% bonus share and a 3% cash dividend based on its current paid-up capital. The company has also arranged an additional 0.3684% cash amount to cover the tax required on the dividend.
The dividend will be distributed to investors only after approval from the Insurance Authority. It also needs to be passed by the company’s upcoming annual general meeting before it can be paid to shareholders.
