United Ajod Insurance Declares 10% Bonus Shares and Cash Dividend
Kathmandu – United Ajod Insurance Limited has announced a dividend proposal for its shareholders, subject to regulatory and shareholder approval.
According to the company, a meeting of its Board of Directors held on Ashar 4 (June 18) decided to distribute a 10 percent bonus share and an additional 0.5263 percent cash dividend. The cash portion is intended to cover the tax liability on the proposed bonus shares.
The dividend announcement will require approval from the Nepal Insurance Authority, followed by endorsement at the company’s upcoming Annual General Meeting (AGM). Once approved, the dividend will be distributed to shareholders as per the regulatory procedures.