ICICI Bank Limited has informed the Exchange that Board of Directors at its meeting held on April 19, 2025, recommended a dividend of Rs. 11/- (Rupees Eleven only) per equity share of face value Rs. 2/- each, subject to requisite approvals. The dividend on equity shares will be paid after the same is approved by the Members at the ensuing Annual General Meeting of the Bank.
ICICIBANK · price
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ICICI Bank's Board of Directors has recommended a dividend of Rs. 11 per equity share on shares with a face value of Rs. 2 each, subject to shareholder approval at the upcoming Annual General Meeting. This is a modest increase from the previous year's dividend of Rs. 10 per share. The dividend will be paid only after members approve it at the AGM. Based on the current share price, this translates to a dividend yield of roughly 0.8%, which is in line with banking sector norms.
This is a routine, marginal dividend increase reflecting stable profitability. It is unlikely to trigger a significant stock price reaction, as the yield remains modest and was broadly expected by the market.