Private Sector Bank Approved Equity & Preference Shares Interim Dividend, Sets Record Date

Ujjivan Small Finance Bank, a leading Private sector Small Finance bank, today, 21 February 2023, Considered & Approved an Interim dividend for FY23. The Bank also sets the "Record Date" for the declared dividend. Check below to know more:

Ujjivan Small Finance Bank - Interim Dividend

According to the exchange filing by the board of directors of the Ujjivan Small Finance Bank, "With reference to our intimation no. USFB/CS/SE/2022-23/85 dated February 14, 2023, we hereby inform that the Board of Directors in its Meeting held today on February 21, 2023, has considered and approved an interim dividend for the financial year 2022- 23 to the equity and preference shareholders of the Bank at the following rates:"

Equity Shares - Interim Dividend of 7.5% i.e. Rs. 0.75 each, per equity share of face value Rs. 10 each
Preference Shares - Interim Dividend of 5.5% i.e. Rs. 0.55 each, per preference share of face value Rs. 10 each

It added, "The record date for the aforesaid interim dividend shall be March 01, 2023."

 

Ujjivan Small Finance Bank - Stock Overview and Returns

The stock of Ujjivan Small Finance Bank is trading at Rs 28.15 apiece on NSE, up 3.11% from its previous close of Rs 27.30 apiece. It recorded its 52 week low on 23 June 2022 at Rs 13.50 apiece and 52 week high on 14 December 2022 at Rs 33.50 apiece, respectively.

The stock jumped 1.63% in the past 1 week, whereas, falls 4.1% in the past 1 month. It has given the highest 60.57% positive return in the past 1 year. However, it has fallen 47.23% in the past 3 years. The stock was listed on 12 December 2019. Since its listing date, its share value has declined by 49.69%. It is midcap banking stock having a market capitalisation of Rs 5,492.16 crore.

 

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