Midcap Public Sector Bank Under Rs 50 Recommends 13% Dividend, Rallies 7.18%; Check Details

Bank Of Maharashtra recommends a dividend of Rs 1.30 per equity share i.e. 13% for the financial year ended March 31 2023. The stock rallies 7.18% post the dividend announcement.

This is a Public sector bank headquartered in Pune, Maharashtra. It is a Midcap bank with a market capitalisation of Rs 19,653.05 crore.

Recommended a dividend of Rs 1.30 per equity share

"Recommended a dividend of Rs. 1.30 per equity share of Rs. 10/- each fully paid up (i.e. 13 %) out of the net profits for the year ended March 31, 2023, subject to the approval of the shareholders at the ensuing Annual General Meeting ("AGM") of the Bank," Bank of Maharashtra said in an exchange filing.

Stock Outlook

The shares of the Bank of Maharashtra currently trading at Rs 29.85/share, up 7.18% from the previous close. It recorded the 52 week low is Rs 15/share and 52 week high is Rs 36.25/share, respectively.

Returns Overs The Year

The stock has given 3.66% in the past 1 week. It has given 22.73% positive return in the past 1 month. In 1 year it has given 63.19% positive return. In the past 3 years, it has given 207.77% positive return. In the past 5 years, it has given 114.44% positive return.

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