City Union Bank Approves Dividend and Plans Rs 50 Crore Capital Raise through QIP Route
City Union Bank Limited announced significant decisions following its Board of Directors meeting held on June 23, 2026. The bank approved a dividend for the financial year 2026 and disclosed plans to raise further capital through a Qualified Institutional Placement (QIP).The Bank set the date for the ensuing Annual General Meeting as Friday, August 14, 2026.
Dividend Declaration and Record Date
The Board meeting approved the dividend structure, along with specific details regarding the record date for shareholders. The decision pertains to equity securities of the bank.Key details relating to the dividend declaration are presented below:
| Symbol | Type of Security | Record Date | Purpose |
|---|---|---|---|
| CUB - NSE 532210 - BSE | Equity | 7/4-26 | Dividend @ 2% for FY-2026 (i.e Rs. 2/- per equity share on face value Re. 1/- each) |
The bank specified that the dividend payment to its members will occur on or after August 14, 2026, within the prescribed statutory timeline.
Plans for Capital Infusion
In addition to the shareholder benefits, City Union Bank also announced plans for future capital infusion. The directors considered and approved raising further capital through the QIP route, with a targeted amount of Rs 50 crore, including premium. This plan is intended for inclusion in the notice calling the Annual General Meeting of the Bank, requiring approval by the members.CUB Stock Price Movement
City Union Bank Limited shares slipped today, settling down 0.3% to close at ₹197.35. The stock saw a traded volume of 1.51 million shares during the post-market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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