Himalayan Reinsurance Proposes 4.74% Dividend
Kathmandu — Himalayan Reinsurance has proposed a 4.74 percent dividend for its shareholders. The decision was made during a meeting of the company’s board of directors held on Baisakh 22 (May 5).
According to the proposal, the company plans to distribute 4.50 percent of its current paid-up capital in the form of bonus shares and an additional 0.24 percent as a cash dividend to cover tax obligations.
The proposed dividend is subject to approval from the Insurance Authority and will be endorsed at the company’s upcoming annual general meeting (AGM). Once approved, the dividend will be distributed to eligible shareholders.