Kotak Mahindra Bank Limited has informed the Exchange that Board of Directors at its meeting held on May 03, 2025, recommended Final Dividend of 2.5 per equity share.
KOTAKBANK · price
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The Board of Directors of Kotak Mahindra Bank, at its meeting held on May 3, 2025, recommended a final dividend of Rs. 2.50 per equity share on the face value of Rs. 5 each for the financial year ended March 31, 2025. This dividend is subject to approval from shareholders at the upcoming Annual General Meeting. The bank has not yet announced the record date, AGM date, or the dividend payment date, and these will be communicated later. The board meeting commenced at 10:30 a.m. and the dividend item concluded at 1:55 p.m., with other proceedings still in progress at the time of filing.
This is a routine final dividend announcement from a major private sector bank and is generally viewed positively by income-focused investors. Shareholders should wait for the record date announcement to know eligibility, and the actual dividend yield on the current market price is modest given the bank's high share price.