CIT (Citizen Investment Fund) has declared 30 percent Bonus share Dividend

Jun Sun 2022 02:23:05

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CIT (Citizen Investment Fund) has declared 30 percent  Bonus share Dividend

Kathmandu. The Citizens Investment Fund has declared a dividend for the last fiscal year. A meeting of the board of directors of the fund held has proposed dividend for the fiscal year 2077-078. The meeting of the fund has proposed to give 30 percent bonus share and 1.5789 percent cash dividend to its shareholders for tax purposes in the fiscal year 2077-078.

Dividends will be distributed to the shareholders after the proposal is passed by the Ministry of Finance and the upcoming annual general meeting of the fund. After the distribution of dividend, the working capital of the fund will reach Rs. 4.25 billion. At present, the paid up capital of the fund is Rs. 3.27 billion.