IB bars insurers from extending over 20pc cash dividend Insurance companies from now onwards cannot distribute more than 20 per cent of the profit as cash dividend. The Insurance Board (IB), the insurance sector regulator, put a cap on cash dividend distribution this week to encourage insurers to issue bonus shares to shareholders so as to strengthen the capital base of companies. READ MORE: shar.es/1axAOV
Posted on: Sat, 27 Sep 2014 03:37:40 +0000