KATHMANDU, Jan 13: The Citizen Investment Trust (CIT) is providing 13 percent dividends to its shareholders out of its profit of 2023/24.
The CIT’s 30th annual general meeting on Monday approved the proposal. The returns include seven percent bonus shares and six percent cash dividends. As of mid-October 2023, the CIT’s reserve fund reached Rs 261 billion, while it invested Rs 250 billion.
CIT providing 30 percent bonus shares to its shareholders
Meanwhile, Butwal Power Company (BPC) is providing five percent cash dividends to its shareholders.
The BPC’s 32nd annual general meeting held on Sunday approved the proposed dividends out of the company’s profit earned in the last fiscal year. The company is also in process to issue 10 million units of its further public offerings.
The BPC operates 9.4 MW Andhikhola Hydropower Project and 12 MW Jhimruk Hydropower Plant. In addition, it operates 4 MW Khudi Hydropower Project and 60 MW Khimti-I Hydropower Project through its subsidiary.
