Kathmandu, July 3
Citizen Investment Trust
(CIT) has decided to distribute 9 per cent bonus shares and 8.89 per cent cash
dividend to its investors.
Twenty-sixth Annual General
Meeting of the company for the Fiscal Year 2019/20 on Friday approved the proposal
to distribute 9 per cent bonus shares and 8.89 per cent dividend.
In the last fiscal year, CIT
earned Rs. 619.6 million of which Rs. 553.6 million is approved for
distribution.
Likewise, it collected Rs.
1.72 billion and mobilised Rs. 1.71 billion in investments in the current
fiscal year till mid-June.
To expand the business of
the company, CIT has already launched Citizen Pension Plan and established Citizen
Stock Dealer Company to develop, expand and stabilize the capital market of the
country. It has also implemented web-based application.
Published in The Rising Nepal daily on 4 July 2021.
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