Citizen Life Insurance Company Limited (CLI) has announced a dividend proposal for its shareholders following its 125th Board of Directors meeting held on Mangsir 24, 2082 (approximately mid-December 2025).
Dividend Proposal:
- Rate: 20% cash dividend for the fiscal year 2081/82 (2078 BS).
- Total Cash Outlay: रु. 1 Arba (रु. 100 Crore), inclusive of tax.
- Paid-up Capital: The company's existing paid-up capital stands at रु. 5 Arba (रु. 500 Crore).
Next Steps & Important Notes:
The proposed dividend is subject to:
- Approval from the Nepal Insurance Authority (NIA).
- Endorsement by the company's upcoming Annual General Meeting (AGM).
Distribution will proceed only after these approvals are secured.
Market Context:
As of the latest data, CLI's stock last traded at रु. 489.40. The dividend announcement is a key corporate action that may influence investor sentiment and trading activity in the stock.