Citizens Bank International Limited has shared good news for its investors. The bank has announced that it will distribute dividends to its shareholders from the profit of the last fiscal year.
The board of directors, in its 491st meeting held on Friday, Ashoj 10, decided to provide a total dividend of 5.26%. Out of this, 5% will be given in the form of bonus shares. In addition, 0.26% will be distributed as cash to cover tax purposes.
By the end of Ashar 2082, the bank’s paid-up capital had reached 14.76 billion rupees. Based on this figure, shareholders are set to receive about 738.4 million rupees in bonus shares and nearly 38.8 million rupees in cash dividend. This adds up to a total dividend worth around 777.3 million rupees.
However, this announcement is still a proposal. Shareholders will receive the dividend only after it is approved by Nepal Rastra Bank and endorsed by the bank’s upcoming annual general meeting.
The last traded price (LTP) of Citizens Bank shares stood at Rs.204.
