Himalayan Everest Insurance Limited (HEI) is distributing a 6.37% cash dividend starting today directly to the bank accounts and DEMAT accounts of its shareholders. Shareholders are encouraged to dematerialize their shares. Additionally, 8.63% bonus shares will be distributed directly to DEMAT accounts after listing in NEPSE.
The insurance company held its 30th Annual General Meeting (AGM) on the 25th of Poush, 2080. During the AGM, a 15% dividend for the fiscal year 2079/80 was approved. In a board meeting on the same day, it was decided to distribute dividends on the paid-up capital of Rs. 2.30 Arba. This includes 8.63% bonus shares valued at Rs. 19.86 crore and 6.37% cash dividend (inclusive of tax) valued at Rs. 14.66 crore. The same cash dividends are now being distributed.