Canara Bank Announces ₹4 Per Share Dividend Following Stock Split. This represents a 200% dividend, subject to AGM approval. The record date will be announced shortly.
PSU Bank: Canara Bank has declared a dividend of ₹4 per share for the fiscal year 2024-25 for its shareholders. This dividend equates to 200% as the face value of the bank's share is ₹2. This is the largest dividend declared by Canara Bank since its stock split.
AGM Approval Required
This dividend is currently a proposal and requires shareholder approval at the bank's upcoming Annual General Meeting (AGM). The dividend will be finalized only after the AGM. However, Canara Bank has not yet announced the record date for this dividend. The bank will share this information with shareholders shortly, specifying the date by which shares must be purchased to be eligible for the dividend.
Stock Split and Dividend History
Canara Bank underwent a stock split in May 2024, converting one old share into five new shares (in a 5:1 ratio). Following this, in June 2024, the bank declared a dividend of ₹3.22 per share. In 2023, the bank had declared a dividend of ₹12 per share.
Canara Bank's Performance on the Stock Market
As of 3:15 PM, Canara Bank's share was trading at ₹95.47 on the BSE. At this time, the BSE Sensex was down 0.36%, trading at 80,453.82.
This Canara Bank dividend is proposed and requires shareholder approval at the AGM. Shareholders will await further announcements regarding the bank's dividend decision and the record date.
