Karur Vysya Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on May 07, 2026, inter alia, has recommended a dividend of Rs. 2.60/- per equity share ....
KARURVYSYA · price
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Karur Vysya Bank's Board of Directors meeting held on May 7, 2026 has recommended a dividend of Rs. 2.60 per equity share (130%) 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 record date for determining shareholder eligibility will be announced separately. Financial results were also approved during the meeting.
The recommendation of Rs. 2.60 dividend signals the bank's intent to distribute profits to shareholders. Without the current stock price, the exact dividend yield cannot be determined, but the 130% payout reflects a healthy distribution ratio. Shareholders should monitor for the record date announcement to plan their holdings accordingly.