Canara HSBC Life Insurance Company Limited has informed the Exchange that Board of Directors at its meeting held on April 28, 2026, recommended Final Dividend of Rs. 0.4 per equity share.
CANHLIFE · price
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The Board of Directors of Canara HSBC Life Insurance, at its meeting on April 28, 2026, recommended a final dividend of Rs. 0.4 per equity share (4% on face value of Rs. 10) for FY26, subject to shareholder approval. Combined with an interim dividend of Rs. 0.5 per share already paid, the total dividend for FY26 is Rs. 0.9 per share, unchanged from FY25. The Board also approved audited financial results, reporting a net profit after tax of Rs. 12,661 lakhs for FY26, up from Rs. 11,658 lakhs in FY25. The company has 95 crore equity shares outstanding. The record date for dividend entitlement will be communicated later. The company got listed on NSE and BSE in October 2025 through an IPO at Rs. 106 per share.
The dividend yield is modest at roughly 0.38% on the IPO issue price, so it is not a major catalyst for the stock. Steady profit growth and a consistent dividend payout suggest financial stability, but income-focused investors may find the yield low.