Citizen Investment Trust declares 21.85% bonus share

Citizen Investment Trust Limited (CIT) has decided to distribute 21.85 percent bonus share to its shareholders. As per the notice published in NEPSE today, the BOD meeting of the company held on Ashad 27 , 2074 has proposed 21.85 percent bonus share and 1.15 percent cash dividend for tax purpose to its shareholders. The decision is subjected to approval from the company's upcoming Annual General Meeting (AGM). Last year, CIT had distributed 35% bonus share and 6.84% cash dividend to its shareholders from the profit it made in the fiscal year 2071/72. Citizen Investment Trust has earned net profit of Rs 28.27 crore in the last fiscal year 2072/73. It’s paid up capital remains at Rs 60.75 crore. After 21.85% bonus share distribution, its paid up capital will reach to Rs 74.02 crore. Its last traded closing price (LTP) stands at Rs 4099 as on July 11, 2017.