Citizens Bank International Proposes 4% Dividend for FY 2082/83

Citizens Bank International Limited (CZBIL) has proposed a 4% dividend for the fiscal year 2082/83.

The bank’s 521st Board of Directors meeting held on Bhadra 31 decided to distribute a 3.80% bonus share worth Rs. 58.92 crores and a 0.20% cash dividend worth Rs. 3.10 crores, including tax, based on the bank’s paid-up capital. The company currently has a paid-up capital of Rs. 15.50 arba.

The proposed dividend will be distributed only after receiving approval from Nepal Rastra Bank and endorsement by the bank’s upcoming Annual General Meeting (AGM).

As of the time of writing, CZBIL ’s Last Traded Price (LTP) stands at Rs. 206.00.