Tag: CLI

  • CLI Proposes Inaugural Dividend of 5.2632% Following NEPSE Listing

    CLI Proposes Inaugural Dividend of 5.2632% Following NEPSE Listing


    Citizen Life Insurance Company Limited (CLI) is planning to issue its inaugural dividend of 5.2632% for the fiscal year 2079/80, following its recent listing on the Nepal Stock Exchange (NEPSE). The decision was made during the 97th board of directors meeting on Poush 16, where a dividend distribution of 5% in bonus shares and 0.2632% in cash dividends was proposed. This translates to bonus shares valued at Rs. 18.75 crores and cash dividends, including tax, amounting to Rs. 98.68 lakhs. The company’s current paid-up capital is Rs. 3.75 Arba.

    It is essential to note that the distribution of this dividend is contingent on approval from the Nepal Insurance Authority and subsequent endorsement at the company’s upcoming Annual General Meeting (AGM). As of the latest available information, the company’s closing stock price is Rs. 529.

    In summary, CLI, after being listed on NEPSE, has put forth its first dividend proposal for FY 2079/80, comprising bonus shares and cash dividends, subject to regulatory approval and AGM endorsement. The total dividend amounts to Rs. 18.75 crores in bonus shares and Rs. 98.68 lakhs in cash dividends, with a paid-up capital of Rs. 3.75 Arba.

  • NEPSE Closes at 1,958.72, Down 17.56 Points; CLI Tops in Turnover

    NEPSE Closes at 1,958.72, Down 17.56 Points; CLI Tops in Turnover


     

    In today’s Nepal Stock Exchange (NEPSE) trading session, the NEPSE Index closed at 1,958.72 points, marking a significant loss of 17.56 points or 0.88% compared to the previous day’s close. It had gained 5.19 points the day before.

    The trading day began with the index opening at 1,977.83, reaching a low point of 1,954.13, and hitting a high of 1,978.27 during intraday trading.

    Throughout the day, there were 281 different stocks traded in 55,096 transactions. The total volume of shares traded was 3,965,917, resulting in a total turnover of Rs. 1.19 Arba. The market capitalization was at Rs. 29.86 Kharba, with a float market capitalization of Rs. 10.51 Kharba.