The Karnataka Bank Limited has informed the Exchange about the Dividend updates
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Karnataka Bank's Board of Directors has recommended a final dividend of Rs. 5.00 per equity share (50% of face value of Rs. 10) for FY 2025-26. The dividend is subject to shareholder approval at the upcoming Annual General Meeting. The Bank has not yet announced the AGM date, record date for eligible shareholders, or the actual dividend payout date - these details will be communicated separately. The Board meeting lasted from 10:00 AM to 6:40 PM.
The 50% payout signals the Bank's confidence in its financial health. Shareholders should note this is a recommendation pending AGM approval, and they need to hold shares until the record date is announced to qualify for the dividend.