Citizen Investment Trust (CIT) has put forward a proposal to distribute a 26.3158% dividend for the fiscal year 2078/79. The decision was made during a board of directors meeting held on Baisakh 29. The proposed dividend consists of a 25% bonus shares allocation and a 1.3158% cash dividend (for tax purposes). The current paid-up capital of CIT stands at Rs 4,251,000,576.
It is important to note that the dividend proposal is subject to approval from the Ministry of Finance, Nepal Government, and the upcoming Annual General Meeting (AGM).
As of the latest trading day, CIT’s closing price stands at Rs. 2,011.