25th February 2025, Kathmandu
Sanima Reliance Life Insurance Ltd. has officially announced its dividend for the fiscal year 2023/24. The decision was finalized during a board meeting held on 24 February 2025, where the company’s leadership carefully reviewed the financial performance and profits of the year.
Sanima Reliance 9.24% Dividend
This dividend distribution is part of the company’s ongoing commitment to rewarding its shareholders and reflecting its steady growth in the competitive insurance sector. The company aims to balance shareholder returns with its long-term business goals, ensuring financial stability and continued success in the market.
Total Dividend Percentage
The company has decided to distribute a total dividend of 9.24% from its profits. The dividend will consist of 1.2489% in bonus shares and an 8% cash dividend for shareholders.
Approval Process
The proposed dividend will be finalized after gaining approval from the Nepal Insurance Authority. It will also require approval during the upcoming Annual General Meeting (AGM) of the company. Once approved, shareholders will receive their dividends.
Comparison with Previous Year’s Dividend
In the previous fiscal year, Sanima Reliance Life distributed 18.3811% bonus shares to shareholders. This year’s decision comes with a reduced total dividend, reflecting the company’s current performance and strategic plans.
Company’s Commitment to Shareholders
The company’s dividend announcement emphasizes its commitment to rewarding shareholders despite a lower total dividend compared to last year. Sanima Reliance Life continues to focus on financial stability while ensuring long-term growth for its stakeholders.
Sanima Reliance Life Insurance Ltd. has proven its dedication to consistent returns by maintaining dividend payouts and making informed decisions for future development. The company’s fiscal strength allows it to offer competitive benefits to its shareholders, ensuring their confidence in the business.
Once the approval process from the relevant authorities is completed, Sanima Reliance Life Insurance Ltd. will proceed with the dividend distribution as planned. This will take place after securing approval from the Nepal Insurance Authority and formal consent during the annual general meeting. The company aims to ensure a smooth distribution process for all shareholders.
For more: Sanima Reliance 9.24% Dividend