NLG Insurance Declares 7% Dividend for FY 2024/25
NLG Insurance has announced a 7% dividend from last fiscal year’s profit, comprising bonus shares and cash, subject to regulatory approval.
NLG Insurance Limited has announced a dividend distribution to its shareholders from the profit earned in the previous fiscal year, the company said on Tuesday.
Based on the current paid-up capital, the board of directors has approved a total dividend of 7%. The proposed payout includes 4% in bonus shares and 3% in cash dividend, including the amount allocated for tax purposes.
The decision was taken at a board meeting held on Poush 7 (December 22). The dividend will be distributed after receiving approval from the Nepal Insurance Authority and endorsement by the company’s upcoming annual general meeting.
Shares of NLG Insurance are listed on the Nepal Stock Exchange under the trading symbol NLG. The announcement adds to ongoing dividend disclosures from Nepal’s insurance sector as companies finalize payouts following regulatory review.