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Life Insurance Corporation Nepal announces 70% dividend for FY 2074/75

By: Nepse Direct May 29, 2019

Life Insurance Corporation Nepal in its 99th BOD meeting has announced a 70% dividend (34.46 % bonus share dividend and 35.537% cash dividend) from the profits of FY 2074/75. The current paid up capital of the company is Rs 1.49 arba. The decision needs to be approved by the Insurance board and in the 17th AGM of the company.

As of Q4 of 2074/75, its EPS stood at Rs 8.17, net worth per share was Rs 159.03, and PE ratio stood at a massive 194.47. Its LTP was Rs 1622. 

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