Citizens Capital Announces 16% Cash Dividend for Fiscal Year 2081/82
Great news for Citizens Capital shareholders! The company has announced a cash dividend distribution for the last fiscal year 2081/82. The Board of Directors met on Bhadra 11th and approved a 16% cash dividend, which translates to approximately 32 million rupees from the profits generated during the mentioned financial year. This is excellent news for investors seeking dividends in the Nepali stock market.
The dividend is subject to tax. This means that before the shareholders receive their cash payout, the applicable tax will be deducted as per the relevant tax laws in Nepal.
To officially approve the dividend distribution, Citizens Capital will hold its 19th Annual General Meeting (AGM) on October 2nd at 11:00 AM at The L’aon, Jhamsikhel, Lalitpur. During the AGM, the company will present the annual report of the Board of Directors for the fiscal year 2081/82, along with the audited financial statements. Shareholders will also consider the appointment and remuneration of the external auditors for the upcoming fiscal year 2082/83. Keep an eye out for more stock market news and investment updates related to Nepali companies.
