Declaration of Dividend
Awaiting price reaction for this filing.
Jammu and Kashmir Bank's board of directors has recommended a dividend of Rs. 2.15 per equity share on a face value of Re. 1, which works out to 215% for the financial year ended March 31, 2025. The dividend is subject to approval from shareholders at the upcoming Annual General Meeting. The board meeting was held on May 5, 2025, from 2:30 PM to 7:00 PM. The record date and book closure dates are not mentioned in this filing and will likely be communicated separately.
Eligible shareholders will receive Rs. 2.15 per share once the dividend is approved at the AGM and the record date is finalised. The 215% payout on face value reflects a healthy distribution of FY25 profits and is a positive signal for income-focused investors in the stock.