Karur Vysya Bank Limited has informed the Exchange that Board of Directors at its meeting held on May 07, 2026, recommended Final Dividend of Rs. 2.60 per equity share.
KARURVYSYA · price
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On the reaction day the stock moved 3.7 pts more than Nifty Smallcap 250 and 5.1 pts more 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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Karur Vysya Bank's Board of Directors, in its meeting held on May 7, 2026, has recommended a final dividend of Rs. 2.60 per equity share (130% payout) on the face value of Rs. 2/- each for the financial year ended March 31, 2026. The dividend is subject to approval by shareholders at the upcoming Annual General Meeting. The bank has not disclosed the record date yet, stating it will be announced in due course. The board meeting commenced at 12:30 PM and financial results were approved at 1:00 PM.
The recommendation of a 130% dividend payout signals the bank's financial health and willingness to return value to shareholders, though the stock may not react significantly until the AGM approves the dividend and a record date is set.