🏦 Central Bank of India Declares Dividend for FY 2024–25
The Central Bank of India has announced its dividend for the financial year 2024–25, bringing good news to its shareholders. This marks a continuation of the public sector bank's efforts to reward investors amid strong financial performance.
💰 Dividend Amount and Key Dates
Dividend Amount: ₹X.XX per equity share (To be updated based on official declaration)
Face Value: ₹10 per share
Record Date: [Insert date when finalised]
Ex-Dividend Date: [Insert if available]
Payment Date: Typically within 30 days of approval at AGM
The dividend is subject to shareholder approval at the Annual General Meeting (AGM).
🧾 Who Is Eligible?
Shareholders whose names appear in the company’s register of members on the record date will be eligible to receive the dividend. Those holding shares in demat form must ensure holdings are settled before the ex-dividend date.
📈 Why It Matters for Investors
✅ Indicates strong financial health and profitability
✅ Enhances investor confidence in PSU bank stocks
✅ Attracts long-term retail investors
✅ Useful for income-focused portfolios
The move also comes amid a broader trend of PSBs posting improved profits and higher dividend payouts in recent years.
📊 Past Dividend Trend (Optional)
2024: ₹X.XX per share
2023: ₹X.XX per share
(Insert accurate data if known)
❓ FAQs
Q1. What is the Central Bank of India dividend for 2025?
The bank has declared a dividend of ₹X.XX per share for FY 2024–25.
Q2. What is the record date for dividend eligibility?
The record date is [Insert final date], and shareholders on this date will receive the dividend.
Q3. When will the dividend be paid?
Typically, dividends are credited within 30 days after shareholder approval in the AGM.
Q4. How to check if I’m eligible for the dividend?
You must hold the shares before the ex-dividend date and your name should be on the record as of the record date.
Q5. Is this dividend taxable?
Yes, dividends are taxed as per individual income tax slabs under the Income Tax Act.
published on 30 june
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