The management of AIICO insurance Plc during the early trading hour of today, had released a notice of its Board Meeting scheduled to hold on 12th March, 2019. The main essence of the meeting is to review and approve the draft audited financial performance for the year ended 31st December, 2018. According to the released document, issues bordering on dividend will also be discussed in the meeting.
Recall that in comparable year (2017), it rewarded its investors with 5k/unit share cash dividend having earned 19k/unit share through the year, in other words its payout ratio then was 26.32%. Haven grown its profit line marginally through 2018 financial year (at least to the third quarter financial performance) we expect an improved cash dividend, at least not below 5k
Please note that the share price of AIICO had resumed a new trend (Uptrend) from the beginning of 2019, and have so far defended same till date.