Canara Bank Declares Dividend & Sets Record Date Following Impressive Q4 Results – Get the Full Details!

Canara Bank has made headlines by announcing a dividend of ₹4 following its fourth-quarter results, aligning with market expectations. The bank’s Board of Directors convened on May 8, 2025, to review the financial outcomes for the quarter and the full fiscal year ending March 2025 (FY25), during which they proposed this lucrative dividend for shareholders.

Dividend Overview from Canara Bank

During the recent board meeting, Canara Bank’s leadership recommended a 200% dividend based on the equity shares of the bank. This translates to a ₹4 per equity share, with each share having a nominal value of ₹2. This decision reflects the bank’s strong financial performance and commitment to rewarding its shareholders.

Key Details on the Record Date

In a statement shared with the National Stock Exchange of India and the Bombay Stock Exchange, Canara Bank confirmed that the record date for determining eligible shareholders for the dividend is set for Friday, June 13, 2025. This means that shareholders must ensure their names are on the bank’s register by this date to qualify for the dividend payout.

Record Date: June 13, 2025
Dividend Amount: ₹4 per share
Nominal Value: ₹2 per share
Dividend Percentage: 200%

To be eligible for the dividend, investors are advised to purchase shares of Canara Bank at least one day before the record date, in line with the T+1 settlement method. This ensures that their names appear on the essential registers maintained by National Securities Depository Limited and Central Depository Services (India) Limited.

Future Dividend Payouts

Assuming that shareholders approve the proposed dividend during the Annual General Meeting (AGM), the payments will be distributed shortly thereafter. This commitment to dividends not only showcases Canara Bank’s solid financial footing but also enhances its attractiveness to potential investors in the banking sector.

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