Citizen Investment Trust (CIT) has proposed a dividend for the fiscal year 2076/77.
The meeting of the board of directors held on Chaitra 21 has decided to distribute 9% bonus shares and an 8.8947% cash dividend. The bonus shares are worth Rs. 27 crores and the cash dividend is worth a little over Rs. 26.68 crores. Thus, the total paid up capital post this bonus share would be Rs 327 crores.
As of writing, CIT has its last trading day's closing at Rs. 4,370.