Prabhu Mahalaxmi Life Insurance Announces Dividend With Bonus and Cash
Prabhu Mahalaxmi Life Insurance has proposed an 8.421% dividend, combining bonus shares and cash payout from last fiscal year’s profit.
Prabhu Mahalaxmi Life Insurance Limited (PMLI) has announced a dividend distribution for its shareholders based on profits earned in the previous fiscal year.
The life insurer has proposed a total dividend of 8.421% on its paid-up capital. The distribution includes 4% in bonus shares and a 4.421% cash dividend, inclusive of applicable taxes.
The dividend proposal was approved during a meeting of the company’s Board of Directors held on Poush 02.
The proposed dividend is subject to approval from the Nepal Insurance Authority and endorsement by the company’s upcoming Annual General Meeting (AGM). Following regulatory clearance and shareholder approval, the dividend will be distributed to eligible shareholders in accordance with prevailing rules.