City Union Bank Limited has informed the Exchange that Board of Directors at its meeting held on May 02, 2025, recommended Final Dividend of Rs. 2 per equity share.
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City Union Bank's Board of Directors, at its meeting on May 02, 2025, approved the audited financial results for Q4 and FY ended March 31, 2025, and recommended a Final Dividend of Rs. 2 per equity share (200%) on a face value of Re. 1, subject to shareholder approval at the upcoming AGM. This is an increase from the previous year's dividend of Rs. 1.50 per share (150%). The Bank reported a full-year net profit of Rs. 1,123.63 crores, up about 10.6% from Rs. 1,015.73 crores in FY24. Total deposits grew to Rs. 63,526 crores and advances rose to Rs. 52,081 crores. Gross NPA increased slightly to 3.99% (from 3.09%), but Net NPA improved to 1.25% (from 1.42%). Capital Adequacy Ratio remained strong at 23.73%.
The dividend hike from 150% to 200% signals management's confidence in earnings and may be viewed positively by income-focused investors. However, the slight uptick in Gross NPAs could be a minor concern. Overall, steady profit growth and a higher dividend payout are supportive for shareholders.