24th April 2025, Kathmandu
Neco Insurance has announced a new dividend for its shareholders. The decision came after the board of directors met on Baisakh 11, 2081 (April 24, 2025). The board approved a total return of 7.3684% from the profit earned in the last fiscal year.
Neco Insurance Dividend 2081
Breakdown of Dividend
The company will give 7% bonus shares to its shareholders. Along with that, it will also provide 0.3684% cash dividend for tax purposes. This proposal will be sent to the Insurance Board of Nepal for approval. After that, shareholders will vote on it at the next Annual General Meeting (AGM).
Dividend Distribution History
Neco Insurance has maintained a consistent dividend policy. In fiscal years 2077/78 and 2078/79, the company distributed 15% bonus shares each year. The current return is lower than previous years, but the company has chosen a more balanced approach this year. It aims to support future growth while still rewarding shareholders.
Company’s Financial Position
Neco Insurance has a paid-up capital of NPR 2.62 billion. The board’s decision reflects confidence in the company’s performance. Although the dividend is modest compared to earlier years, it shows Neco’s focus on long-term financial stability.
Next Steps for Shareholders
Shareholders must wait for regulatory approval before receiving the dividend. After the Insurance Board approves the plan, the AGM will officially confirm it. Once that happens, the bonus shares will be credited to each shareholder’s account. The cash dividend for tax will also be distributed soon after.
About Neco Insurance
Neco Insurance is one of Nepal’s leading general insurance companies. It offers a wide range of non-life insurance products. These include property, motor, health, travel, and liability insurance. The company continues to grow its reach and improve service quality.
Neco plays a strong role in Nepal’s insurance sector. It focuses on digital services, customer satisfaction, and expanding access to insurance across Nepal.
Conclusion
Neco Insurance remains committed to rewarding its investors. Even with a slightly reduced dividend this year, the company has shown financial discipline. It aims to strike a balance between shareholder returns and future expansion.
As one of the key players in Nepal’s insurance industry, Neco continues to focus on building trust and providing value. Shareholders can look forward to receiving their dividend once the final approvals are in place.
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