Citizens Bank International Sets Book Closure for 4% Dividend, Calls AGM on Ashwin 28
Citizens Bank International Limited (CZBIL) has scheduled its 20th AGM for Ashwin 28, 2083, to approve a 4% dividend for FY 2082/83. The bank will distribute 3.80% bonus shares worth Rs. 58.92 crores and a 0.20% cash dividend worth Rs. 3.10 crores, with a book closure date of Ashwin 19.
Citizens Bank International Limited (CZBIL) has announced that its 20th Annual General Meeting (AGM) will be held on 28th Ashwin, 2083, at Amritbhog, Kalikasthan, Dillibazar, Kathmandu, starting at 11:00 a.m.
The AGM will primarily endorse a 4% dividend for the fiscal year 2082/83. The bank's 521st board meeting, held on Bhadra 31, decided to distribute a 3.80% bonus share worth Rs. 58.92 crores and a 0.20% cash dividend worth Rs. 3.10 crores, including tax, based on the bank's paid-up capital. The company currently has a paid-up capital of Rs. 15.50 arba.
Other agendas for the AGM include:
- Endorsing the auditor's report with profit and loss statements, financial reports, and cash flow reports for FY 2082/83.
- Appointing an auditor for the fiscal year 2083/84.
The book closure date is Ashwin 19. Therefore, shareholders who maintain their shares on that day are entitled to the dividend payout and can also attend the AGM.