Citizen Life Insurance Announces 20% Cash Dividend
Kathmandu – Citizen Life Insurance Company Limited has declared a cash dividend from the profits of the last fiscal year. The company’s board of directors meeting held on today approved a proposal to distribute a 20 percent cash dividend, including tax, based on the current paid-up capital.
According to the company, the proposed dividend will be distributed only after it receives approval from the Nepal Insurance Authority and is endorsed by the upcoming annual general meeting. Citizen Life stated that the decision reflects its continued profitability and commitment to providing returns to its shareholders.