The Jammu & Kashmir Bank Limited has informed the Exchange that Board of Directors at its meeting held on May 05, 2025, recommended Final Dividend of Rs. 2.15 per equity share.
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On the reaction day the stock moved 1.5 pts less than Nifty Smallcap 250 and 2.0 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of Jammu & Kashmir Bank, at its meeting held on May 5, 2025, has recommended a Final Dividend of Rs. 2.15 per equity share for the financial year. This is subject to approval by the shareholders at the upcoming Annual General Meeting. The dividend will be paid to shareholders whose names appear on the register as of the record date, which will be announced separately. The bank has not yet declared its book closure or record date for the purpose of determining eligible shareholders.
The dividend is a modest payout reflecting the bank's effort to reward shareholders while retaining capital for growth. It is likely to have a mildly positive sentiment impact on the stock, though the yield may not be exceptionally high relative to the share price.