Neco Insurance Announces 15.78% Dividend to Shareholders

Kathmandu- Neco Insurance Limited has announced a total dividend of 15.78 percent to be distributed to its shareholders from the profit of the last fiscal year.

According to the company, the dividend includes 12.78 percent bonus shares based on the current paid-up capital and 3 percent cash dividend for tax purposes. The proposed dividend is subject to approval from the Insurance Regulatory Authority and the company’s upcoming annual general meeting (AGM).

Once approved, shareholders listed in the company’s shareholder register as of the book closure date will be eligible to receive the bonus shares and cash dividend.