Sagarmatha Insurance offers 42.1% dividend, including 20% bonus shares & 22% cash dividend

Sagarmatha Insurance Company Limited has offered an astounding 42.1 percent dividend - 20 percent bonus shares and 22 percent cash- to its shareholders from the net profit it earned in the last fiscal year.

The dividend just proposed by the 181st BOD meeting of the insurance company is, however, subject to approval from Insurance Board and the upcoming AGM of the insurance company.Sagarmatha Insurance Company had posted a huge net profit of Rs 17.79 crore in the last fiscal year 2069/70.-SSN