Himalayan Reinsurance Limited Proposed Dividend for FY 2079/80; How Much in Bonus Shares and Cash?

Himalayan Reinsurance Limited (HRL) has announced a dividend proposal of 4.21% for the fiscal year 2079/80.

 The company has decided to distribute the dividend based on the paid-up capital of Rs. 10 Arba. The proposal includes 4% bonus shares and 0.21% cash dividend for tax purposes, amounting to Rs. 40 crores and Rs. 2.10 crores respectively.

The distribution of dividends is subject to approval from the central bank and ratification at the upcoming Annual General Meeting (AGM) of the company.

As of the latest trading day, HRL's closing price stood at Rs. 689.00.