Karnataka Bank Recommends Final Dividend of Rs 5.00 Per Share for FY 2026
The Karnataka Bank Limited announced on May 19, 2026, that its Board of Directors recommended a final dividend for the financial year ended March 31, 2026. The dividend recommendation was made at the Board meeting held on the same day.The Bank confirmed that the Board recommended a final dividend of Rs 5.00 per equity share. This amount represents 50% of the total face value of Rs 10 per equity share.
The dividend recommendation is subject to the approval of the shareholders at the Bank's ensuing Annual General Meeting (AGM).
For transparency regarding the dividend structure, the details are as follows:
| Component | Details |
|---|---|
| Dividend Amount | Rs 5.00 per equity share |
| Basis | 50% of the face value |
| Face Value | Rs 10 per equity share |
| Financial Year | Ended March 31, 2026 |
The Bank stated that the date of the ensuing Annual General Meeting, the Record Date for determining eligible members, and the dividend payout date will be communicated in due course.
KTKBANK Stock Price Movement
On Tuesday, shares of The Karnataka Bank Limited edged higher, gaining 2.20% to close at ₹247.75, representing a jump of ₹5.35 from its previous closing price. The stock finished the day with significant market interest, trading on a total volume of 2.63 million shares.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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