Citizens Bank International Proposes 4% Dividend for FY 2082/83
Summary
Citizens Bank International Limited has proposed a 4% dividend for fiscal year 2082/83, pending approval from Nepal Rastra Bank and the company’s upcoming annual general meeting. The proposal includes bonus shares worth Rs 58.92 crore and cash dividend of Rs 3.10 crore for tax purposes.
Key Points
- Citizens Bank International Limited’s board has proposed a 4% dividend from fiscal year 2082/83 profits.
- The package includes 3.80% bonus shares and 0.20% cash dividend for tax purposes, totaling Rs 62.03 crore.
- The dividend plan needs approval from Nepal Rastra Bank and passage at the bank’s 20th Annual General Meeting.
- The bank says it has distributed dividends consistently since going public in fiscal year 2065/66.
