Citizens Bank International Limited (CZBIL) has proposed a 4.21% dividend for the fiscal year 2080/81. This includes a 0.21% cash dividend amounting to Rs. 2.98 crores and a 4% bonus share distribution worth Rs. 56.80 crores.
The bank’s Board of Directors (BOD) reached this decision during their 463rd meeting held on Ashwin 7. The proposed dividend is based on the company’s paid-up capital of Rs. 14.20 Arba. The cash dividend also accounts for the tax liability on the bonus shares.
This proposal is subject to approval from the Nepal Rastra Bank (NRB) and will be finalized at the Annual General Meeting (AGM) after endorsement.