Canara Bank dividend: Board recommends 120% payout

Canara Bank dividend 2023: Canara Bank on Monday announced a dividend of Rs 12 per equity share of face value of Rs 10 i.e., a 120 per cent payout each to the shareholders for the year 2022-23. 

"Recommend Dividend of Rs.12/- per equity share (i.e., 120%) of face value of Rs.IO/- each to the shareholders for the year 2022-23, subject to the approval of Shareholders at the ensuing Annual General Meeting of the Bank," the PSU lender's regulatory filing said. 

Canara Bank Q4 results 2023

Canara Bank reported a net profit of Rs 3,174.7 crore for the quarter ended March 2023, marking a jump of 90.5 per cent compared with the corresponding period a year ago and beating analysts' expectations. Click here to read more 

Canara Bank dividend history 

(Source: NSE)

Canara Bank share price NSE, Canara Bank share price history 

Canara Bank shares on Monday post result announcement were trading at Rs 319< up by Rs 0.45 or 0.14 per cent on NSE. Canara Bank shares have gained nearly 59 per cent in the the last year, a time period in which the headline index Nifty 50 has gained 12 per cent. 

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