City Union Bank Limited has informed the Exchange that Record date for the purpose of Dividend is 01-Aug-2025.
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City Union Bank's board, at its June 11, 2025 meeting, approved a dividend of 200% (Rs. 2 per equity share on a face value of Re. 1) for FY-2025. The record date for the dividend has been fixed as August 1, 2025, and the dividend will be paid on or after August 13, 2025, the date of the Annual General Meeting. The board also approved raising further capital of Rs. 100 crore (including premium) through the Qualified Institutional Placement (QIP) route, subject to shareholder approval at the AGM.
Eligible shareholders on the record date will receive Rs. 2 per share as dividend, providing a modest income. The proposed Rs. 100 crore QIP may lead to some equity dilution, but the size is relatively small for the bank, likely having a limited impact on existing shareholders.