Kathmandu. Citizen Life Insurance has declared dividends to shareholders from the profits of the fiscal year 080/081. As per the decision of the company’s board of directors held on Falgun 8, a total dividend of 28.41 percent has been declared to the shareholders.
Based on the company’s current paid-up capital of Rs 3.93 billion 75 million, a total of 28.41 percent bonus shares will be distributed, comprising 26.98 percent bonus shares and 1.42 percent cash dividend for tax purposes, it has been informed through a notification.
Also, the shareholders will receive the dividend after it is approved by the Nepal Insurance Authority and passed by the company’s upcoming annual general meeting.
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