Stock Market Today: Canara Bank on Thursday, along expected lines, announced a dividend of ₹4 post Q4 results. It also announced the record date for determining eligible shareholders to receive the said dividend.
Board of Directors of Canara Bank at their meeting dated May 8, 2025, to consider and approve the financial results for the quarter and financial year ended March 2025 (FY25), also recommended a dividend.
Board of Directors of the Canara Bank recommended a dividend of 200% on the equity shares of the bank, considering the dividend declared and the face value of the shares. Canara Bank announced a dividend of ₹4/- per equity share, having a face value of ₹2/- each.
Board of Directors of the Canara Bank at their meeting to consider and approve the financial results for the quarter and year ending March 2024, while declaring dividend, also announced the record date for the dividend of ₹4 apiece.
As per Canara Bank's intimation to the National Stock Exchange of India and the BSE, the lender said, “We wish to inform you that the Record Date for determining the eligibility of members entitled to receive dividend on equity shares is Friday, 13th June, 2025”.
Dividend, if approved by the shareholders of the bank, shall be paid after the AGM to those shareholders, whose names appear in the bank's register of members/ register of beneficial owners maintained by the Depositories viz., National Securities Depository Limited and Central Depository Services (India) Limited as at the close of business hours on Friday, 13th June, 2025, as per Canara Bank.
For their names to be listed among the eligible shareholders on the record day for the dividend payout, shareholders must purchase Canara Bank's shares at least one day prior to the record date in accordance with the T+1 settlement method.
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