Ceylinco Insurance has announced record 225% dividend to shareholders. This constitutes a 225% dividend of the original share price. This is also an increase of 12.5% of the dividend declared in 2014.
Ceylinco Insurance said that the company was able to declare this dividend due to the outstanding results of its two wholly owned subsidiaries, Ceylinco General Insurance Ltd and Ceylinco Life Insurance Ltd. Ceylinco Insurance PLC believes that its success is a reflection of its resilience and strength, expressed through the shareholder and customer confidence in the company.
The revenue of Ceylinco Insurance exceeded Rs. 34.6 billion in 2015 with its insurance sector contributing Rs. 32 billion, the education sector Rs. 2.1 billion, the power and energy sector Rs. 445 million, with the others contributing the balance.
Ceylinco Insurance Managing Director and Chief Executive Officer Ajith Gunawardena said this record dividend, probably the highest dividend declared by a company in the financial sector was made possible by the unwavering confidence placed by customers and shareholders.
Ceylinco Insurance said that the company was able to declare this dividend due to the outstanding results of its two wholly owned subsidiaries, Ceylinco General Insurance Ltd and Ceylinco Life Insurance Ltd. Ceylinco Insurance PLC believes that its success is a reflection of its resilience and strength, expressed through the shareholder and customer confidence in the company.
The revenue of Ceylinco Insurance exceeded Rs. 34.6 billion in 2015 with its insurance sector contributing Rs. 32 billion, the education sector Rs. 2.1 billion, the power and energy sector Rs. 445 million, with the others contributing the balance.
Ceylinco Insurance Managing Director and Chief Executive Officer Ajith Gunawardena said this record dividend, probably the highest dividend declared by a company in the financial sector was made possible by the unwavering confidence placed by customers and shareholders.
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