Himalayan Reinsurance Announces 4.75% Dividend

Himalayan Reinsurance has announced that it will distribute a total of 4.75 percent dividend to its shareholders from the profit earned in the last fiscal year. The decision was made during the board of directors' meeting held on May 5. Out of the total dividend, 4.5 percent will be given as bonus shares and 0.24 percent as cash dividend, which will be used for tax purposes.

The proposed dividend will be provided to the shareholders only after receiving approval from the Insurance Board and the endorsement by the company’s upcoming annual general meeting. This marks a slight increase compared to the previous year, when the company distributed a 4.21 percent dividend.

This step reflects the company’s continued commitment to rewarding its investors and maintaining stable financial performance, as it builds confidence among stakeholders and supports long-term growth in the insurance sector of Nepal.