Lumbini General Insurance is proposing a 10% dividend ,

Lumbini General Insurance is proposing a 10% dividend

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The shareholders of Lumbini Insurance Company Limited (LGIL) have been paid a dividend. The declaration of dividends dates from fiscal year 2076/77.

According to Nepse, the 220th board meeting of BS, which took place on Baisakh 2, 2078, announced a 10% dividend (including ) to its shareholders. Non-life insurance has offered a 5% bonus share and a 5% dividend as part of the overall dividend (also for tax purpose).

Lumbini General Insurance has a paid-up capital of Rs. 114.18 crores as of Ashad’s end 2077 BS. The bonus share is Rs. 5.70 crores at this capital. Similarly, the cash dividend is Rs 5.70 crores.

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LGIL had distributed an 8.53 percent dividend, including an 8.125 percent bonus share, in the previous fiscal year 2075/76.

The dividend will be paid out following approval from Beema Samiti and the company’s upcoming AGM.

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