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Showing posts with the label Canara Bank

๐Ÿ“ˆ Canara Bank Ltd

  Canara Bank Ltd., one of India's premier public sector banks, has demonstrated commendable growth and strategic initiatives in the fiscal year 2024–25. From a significant stock split to a robust dividend payout and impressive financial performance, the bank has reinforced its commitment to enhancing shareholder value and operational excellence. ๐Ÿงพ Stock Split: Enhancing Liquidity and Accessibility In February 2024, Canara Bank announced a 5-for-1 stock split, reducing the face value of its shares from ₹10 to ₹2. This move aimed to make the stock more affordable for retail investors and increase liquidity. The stock split was executed on May 15, 2024, with the ex-split date on May 14, 2024 . ๐Ÿ’ฐ Dividend Payout: Rewarding Shareholders Following the stock split, Canara Bank declared a dividend of ₹3.22 per share (post-split) for the financial year 2023–24. This payout reflects the bank's consistent policy of rewarding its shareholders. The dividend was announced on May 8, 2025, ...