Home / Business / Citizens Bank International announces 16% dividend for FY 2077/78; How much in bonus shares?

Citizens Bank International announces 16% dividend for FY 2077/78; How much in bonus shares?

Citizens Bank International Limited (CZBIL) has proposed the dividend for the fiscal year 2077/78.

The meeting of the board of directors has decided to distribute a 16% of the paid-up capital as a dividend for the fiscal year 2077/78. The paid-up capital of the company as of the end of the fiscal year 2077/78 is Rs. 12.57 arba.

12.913% will be distributed as bonus shares worth Rs 1.62 arba and the remaining 3.087% will be distributed as a cash dividend worth Rs 38.82 crore. In the fiscal year 2076/77, the bank had distributed 7.7% bonus shares and a 3.3% cash dividend. As of writing, Citizens Bank International Limited’s closing price of the last trading day is Rs. 408.50.

The dividend will be distributed only after endorsement by the upcoming AGM and approval by Nepal Rastra Bank.

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