Citizens Bank updates dividend structure for FY 2076/77
Citizens Bank has revised its FY 2076/77 dividend to 8% bonus shares and 3% cash dividend. The dividend will be distributed after endorsement at the upcoming AGM.
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Recent dividend, bonus-share, and right-share announcements from the Nepal market.
Citizens Bank has revised its FY 2076/77 dividend to 8% bonus shares and 3% cash dividend. The dividend will be distributed after endorsement at the upcoming AGM.
Investors must be on record by Kartik 28 to attend the 167th AGM and claim the 16 % dividend (Rs. 25,64,06,622 cash and Rs. 1,11,12,89,014 bonus shares) for FY 2076/77; the AGM will be held virtually via Zoom on Mangsir 15.
Today is the final day to hold Gurans Life Insurance shares and obtain the 5.25% bonus dividend. Shareholders retained until tomorrow will also be entitled to attend the AGM.
The company has proposed a 0.8916% cash dividend for tax purposes, alongside a 16.9399% bonus share issue for FY 2076/77.
Investors may subscribe to the right shares in the 1:0.47 ratio, open from Kartik 14 and closing on Mangsir 04. Those holding shares before Mangsir 01 will also receive a 9% bonus dividend.
The issue of 16,97,506.25 right shares in a 1:1.25 ratio will conclude on Mangsir 24 after banking hours; investors need to apply before that day.
Standard Chartered Bank has proposed a 7% bonus share issue and a 4.84% cash dividend for FY 2076/77; the proposal awaits approval from Nepal Rastra Bank and the bank's AGM.
Book closing for the 56.7 million right shares (ratio 1:0.476) is on 4th Mangsir, 2077; subscriptions open from 14th Kartik.
GBIME has proposed a 16% dividend for FY 2076/77, comprising 2% cash and 14% bonus shares.
Kumari Bank proposes a 14% dividend for FY 2076‑77 and a 10% bonus share issue, pending approval at the upcoming AGM.
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