Citizens Mutual Funds Announce Double Dividends – Up to 12.75% Cash Payout

Citizens Capital, under its management of Citizens Mutual Fund, has declared dividends for two of its schemes. The board meeting of Citizens Capital announced that Citizens Mutual Fund 2 (CMF2) will distribute a cash dividend of 8.25% (tax-inclusive) from last year’s profit to its unit holders, while Citizens Super 30 (C30MF) will provide a 12.75% (tax-inclusive) cash dividend. For dividend distribution purposes, both funds will close their books on Bhadra 13. Accordingly, investors holding units until Bhadra 12 will be eligible to receive the announced dividends.