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. ๐งพ 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 . ๐ฐ 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, ...
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