Declaration of Dividend
Awaiting price reaction for this filing.
The Board of Directors of Jammu and Kashmir Bank, in a meeting held on May 5, 2025, recommended a dividend of Rs. 2.15 per equity share (face value Re. 1 each), translating to 215%, for the financial year ended March 31, 2025. The dividend is subject to approval by shareholders at the upcoming Annual General Meeting. The board meeting ran from 2:30 PM to 7:00 PM on the same day. This is a standard annual dividend announcement following the bank's FY25 results.
Shareholders of J&K Bank will receive Rs. 2.15 per share if approved at the AGM, providing a tangible return on holdings. The announcement signals the bank generated distributable profits for FY25 and could lend modest support to the stock price in the short term.