Kathmandu. IME Life Insurance has announced the dividend for the financial year 2079/80. The meeting of the board of directors held on May 19 of the company proposed a dividend to be distributed to the shareholders from the profits of the year.

The company has proposed to distribute a total of 34.50 percent dividend by making bonus shares equal to 1 billion which will be 25 percent of the paid-up capital and cash dividend equal to 380 million which will be 9.50 percent for tax purposes.

The dividend will be distributed to the shareholders after the approval of the Nepal Insurance Authority and the approval of the next general meeting of the company. Currently, the paid-up capital of the company is 4 billion. After the proposed 25 percent bonus shares, the company's paid-up capital will reach 5 billion.