Kotak Mahindra Bank Limited has informed the Exchange that Board of Directors at its meeting held on May 02, 2026, recommended Final Dividend of Rs. 0.65 per equity share.
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Kotak Mahindra Bank's Board of Directors has recommended a final dividend of Rs. 0.65 (65 paise) per equity share of face value Re. 1 each for the financial year ended March 31, 2026. The dividend is subject to approval by shareholders at the ensuing Annual General Meeting. The bank has not yet announced the AGM date, record date for eligible shareholders, or the dividend payout date — these details will be communicated separately. The board meeting lasted from 10:00 AM to 1:45 PM on May 2, 2026.
The small dividend amount of 65 paise per share indicates a minimal dividend yield at current market prices. This is a routine dividend announcement that signals profitability but is unlikely to significantly impact the stock price positively given the modest payout.