200% Dividend: PSU bank declares payout of Rs 4 per share, net profit at Rs 5,004 crore

Canara Bank set to pay Rs 4 per share

The PSU lender has declared a Rs 4 per share dividend with a face value of Rs 2, which is 200 per cent.

Canara board meeting

The Board at its meeting, which was held on May 8, approved the dividend of Rs 4 per equity share of face value of Rs 2 each to the shareholders for the financial year 2024-25, the company said in a regulatory filing.

Canara Bank Q4 Results

The Bengaluru-headquartered lender reported a net profit of Rs 5,004 crore for the quarter ended March 31, a 33.1 per cent increase over the corresponding period a year ago.

The PSU bank's net interest income (NII) declined 1.4 per cent on a year-on-year basis to Rs 9,442 crore for the fourth quarter of FY25, according to a regulatory filing.

According to Zee Business research, the PSU bank was estimated to register a net profit of Rs 4,572 crore with a net interest income of Rs 9,267 crore for the quarter ended March 31.

Canara Bank shares after earnings

Shares of Canara Bank surged as much as 4.3 per cent to Rs 97.9 on BSE after the earnings announcement.