The Board of Directors of Federal Bank Ltd (FEDERALBNK) at its meeting held on 17 May 2021, has declared Final Dividend of Rs 0.7 per equity share. The Board Meeting commenced at 11.00 AM and concluded at 12:20 PM.
Federal Bank Ltd Q4 Result
The company has reported a net profit of Rs 478 crore for the quarter ended March 2021, an increase of 58% over Rs 301 crore in the corresponding quarter last year. The bank’s net interest income (NII) stood at ₹ 1,420.4 crore, up 16.8% from ₹ 1,216 crore on a yearly basis.
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Federal Bank Ltd Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 2 July 2021 as the Record date. Consequently, the declared dividend will be paid to those members who hold shares in physical form or in electronic form and whose names appear in the Register of Members of the Company on Record Date.
Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Above all, here is the copy of statement, the company has sent to the exchanges:
Pursuant to Regulation 33 and other applicable provisions of SEBI, the Board of the Bank has recommended the payment of final Dividend @ Rs.0.70 per equity share i.e 35.00% on the Equity Shares of the Bank and the same will be payable after Shareholders approval in the 90th Annual General Meeting of the Bank.
Important Dates
- Company – Federal Bank Ltd
- Script Name – FEDERALBNK (NSE) and 500469 (BSE)
- Dividend Amount – 0.7 Rs Per Share
- Dividend Type – Final
- Ex-Dividend Date – 1 July 2021
- Record Date – 2 July 2021
- Payment Date – N/A
Also, you can find more information about Federal Bank Ltd on National Stock Exchange and Moneycontrol – Federal Bank is a major Indian commercial bank in the Private Sector, headquartered in Aluva, Kochi. The bank has more than 1,200 branches spread across different states in India.
