Prime Life Insurance proposes 15.87% Dividend for FY 2076/77

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In its dividend proposal for the year 2076/77, Prime Life Company Limited (PLIC) a payout of 15.87 percent.

board of directors approved a proposal for 15 percent bonus shares and a 0.87 percent cash dividend (for tax purposes) from the paid-up capital for the year 2076/77, according to minutes of the meeting.

Please keep in mind that dividend will only be paid out after it has been approved by Beema Samiti and approved by the company’s upcoming annual general meeting.

As of this writing, company’s LTP is at Rs. 900 per share.

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