Bank of Maharashtra Board Recommends Final Dividend of Rs. 1.20 Per Share
The Bank of Maharashtra announced on April 20, 2026, that its Board of Directors recommended a Final Dividend for the financial year 2025-26. The dividend declaration was made during the Board meeting held on the same day.The Board recommended a Final Dividend equivalent to 12% on the bank’s equity shares, amounting to Rs. 1.20 per share. The face value of the equity shares is Rs. 10 each.
This final dividend, which is expected to be approved by the shareholders in the Annual General Meeting (AGM), will be disbursed in addition to the interim dividend that was previously declared.
The bank detailed the dividend structure for the financial year:
| Dividend Type | Declaration Date | Percentage | Amount Per Share |
|---|---|---|---|
| Interim Dividend | 13.01.2026 | 10% | Rs. 1.00 |
| Final Dividend (Recommended) | 20.04.2026 | 12% | Rs. 1.20 |
The total dividend declared by the bank will consist of these two components. The bank further noted that the record date for the dividend will be communicated to shareholders in due course.
MAHABANK Stock Price Movement
Today, Bank of Maharashtra shares edged higher to close at ₹75.54, gaining 2.87% in post-market trading. The equity surged to hit a 52-week high of ₹77, closing the day with a robust volume of 48.31 million shares.Source:
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