Higher Rs. 38 dividend by Ceylinco Insurance

Tuesday, 3 March 2020 00:00 - - {{hitsCtrl.values.hits}}

Ceylinco Insurance Plc yesterday announced a Rs. 38 per share first and final dividend for the financial year ended 31 December 2019.

The dividend will be recommended for approval at the AGM on 9 April.

The XD date is 15 April, with payment due on 23 April.

The dividend is higher compared to the Rs. 35 paid for the previous financial year. This was despite consolidated pre-tax in FY2019 declining by 1% to Rs. 11 billion while the post-tax figure was up 1% to Rs. 8.7 billion. Profit attributable to the equity shareholders of the parent was up 2% to Rs. 8.5 billion.

As at 31 December 2019, Ceylinco Insurance had Rs. 41.5 billion in retained earnings, up from Rs. 35.1 billion a year earlier.

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