Citizens Bank International announces 11% dividend for FY 2076/77; How much in bonus shares?

Mon, Oct 19, 2020 2:15 PM on Dividend, Bonus & Rights, Latest,

Citizens Bank International Limited (CZBIL) has proposed the dividend for the fiscal year 2076/77.

The 345th meeting of the board of directors has decided to distribute an 11% of the paid-up capital as a dividend for the fiscal year 2076/77. The paid-up capital of the company as of the end of fiscal year 2076/77 is Rs. 9,08,98,17,290.

7.7% will be distributed as bonus shares and the remaining 3.3% will be distributed as a cash dividend. In the fiscal year 2075/76, the bank had distributed a 3% bonus shares and a 12% cash dividend. As of writing, Citizens Bank International Limited's closing price of the last trading day is Rs. 213.

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