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Neco Insurance announces 12.63% dividends for FY 2074/75

By: Nepse Direct Jul 03, 2019

Neco Insurance Ltd. in its 370th Board meeting has announced 12% bonus share and and 0.63% cash dividend for tax purposes for Fiscal Year 2074/75. The dividend decision needs to be approved by Nepal Insurance Board and in the AGM of the company. 

At present Neco Insurance has a paid up capital of Rs 1.17 arba, after the bonus share distribution its paid up capital will reach Rs 1.31 arba. Its LTP stood at Rs 479 as of 3rd July 2019.

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