Citizen Investment Trust (CIT) Announces 31.5789% Dividend
Citizen Investment Trust (CIT) which is also known as Nagarik Lagani Kosh (NLK) announces 31.5789% Dividend for the fiscal year 2077/78. On Ashad 11, the board of directors voted to distribute 30% bonus shares and 1.5789% cash dividends (for tax purposes).
In total, the bonus shares are worth 98.10 crores and the cash dividend is worth about 5.16 crores. After this bonus share, the total paid-up capital will be Rs 425 crores. CIT has a paid-up capital of Rs 327 crores. Dividends are subject to the approval of the Ministry of Finance, Nepal Government, and the next AGM.
| Among the 31.5789% Dividend Proposed by CIT | |
CIT Bonus Share 2077/78 |
30% |
CIT Cash Dividend 2077/78 |
1.5789% |
Citizen Investment Trust (CIT) / Nagarik Lagani Kosh is the mutual fund that issues citizen unit fund scheme and other form of offers to the investors. It is a trust company registered under Citizen Investment Trust Act 2047 who manages the unit scheme. CIT started managing unit scheme by floating Citizen Unit 52 in the year 2052. CIT put Rs. 5 million as seed capital in the beginning. The total investment was only Rs. 65 million at the end of 2052/53 which has increased to Rs. 4,027 million by the end of 2059/60. Total financial asset of CIT has continued to increase in last several years due to considerable success of unit schemes and investment.
Dividend History of Citizen Investment Trust
| Fiscal Year [FY] | Total Dividend(%) | Cash Dividend(%) | Bonus Share (%) |
| 2077/78 | 31.5789 | 1.5789 | 30.00 |
| 2076/77 | 17.89 | 8.89 | 9.00 |
| 2075/76 | 23.16 | 1.16 | 22.00 |
| 2074/75 | 23.16 | 1.16 | 22.00 |
| 2073/74 | 23.22 | 1.16 | 22.06 |
| 2072/73 | 23.157 | 1.157 | 22.00 |
| 2071/72 | 23.00 | 1.15 | 21.85 |
| 2070/71 | 41.84 | 6.84 | 35.00 |
| 2069/70 | 52.63 | 2.63 | 50.00 |
| 2068/69 | 38.89 | 38.89 | |
| 2067/2068 | 35.00 | 35.00 |
Similarly, You may Also like:
- Nagarik Lagani Kosh – Citizen Investment Trust | नागरिक लगानी कोष
- Karmachari Sanchaya Kosh – कर्मचारी संचय कोष | Employees Provident Fund Nepal
- IPO Result – Three Ways to Check IPO Allotment Status | Upcoming IPOs in Nepal
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
- Building a Culture of Compliance: Strategies for Long-Term Success - January 21, 2025
- Which best describes how an investor makes money from an equity investment? - January 15, 2025
- Informed consent is considered an application of which belmont principle? - January 15, 2025