Rs 12/Share Dividend: PSU Bank To Go Ex-Dividend On June 14, Stock Rises 60% In 1-Yr

Leading public sector bank, Canara Bank stock witnessed a surge of 0.11% till 1:34 pm on June 13. Current market price of Canara Bank share is Rs 315.20 apiece. Board of directors of the PSU bank recommended a dividend of Rs 12/- per equity share. The ex-dividend date of the dividend of Canara Bank is June 14, 2023. Check details below:

Canara Bank To Turn Ex-Dividend Tomorrow: Earlier this year on May 8, 2023 the board of directors of Canara Bank announced Rs 12 per share dividend. As per the BSE filing of the company, "Recommend Dividend of Rs.12/- per equity share (i.e., 120%) of face value of Rs.IO/- each to the shareholders for the year 2022-23, subject to the approval of Shareholders at the ensuing Annual General Meeting of the Bank."

Canara Bank Stock Performance: Current market price of Canara Bank is Rs 315.20 per share on BSE. The stock's 52-week high price is Rs 341.60 per share and 52-week low price is Rs 171.70 per share, respectively. It has a market capitalisation of Rs 57,172.31 crore.

Canara Bank Return: Canara Bank shares delivered attractive returns to investors over the years. Canara Bank stock offered 9% return in last 3-months, declined 3% in last 6-months, gave return of 102% in last 2-years, and 204% return in last 3-years.

Canara Bank About: Widely known for customer centricity, Canara Bank was founded by Shri Ammembal Subba Rao Pai in July 1906. The Bank has gone through the various phases of its growth trajectory over hundred years of its existence. In June 2006, the Bank completed a century of operation in the Indian banking industry. Today, Canara Bank occupies a premier position in the comity of Indian banks, according to its official website.

Disclaimer: The PSU bank stock will trade ex-dividend tomorrow. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.