The Board of Directors of Indian Bank (INDIANB) at its meeting held on May 28, 2021, has declared Final Dividend of Rs 2 per equity share. The Board meeting commenced at 13:40 hrs and concluded at 15:25 hrs.
Indian Bank Quarterly Result
The company reported a net profit of Rs 1,708.85 crore in the March-ended quarter. It had posted a net loss of Rs 217.74 crore in the same quarter of the financial year 2019-20. Total income during the January-March quarter of 2020-21 increased to Rs 10,647.87 crore. It was Rs 6,334.37 crore in the same period of 2019-20.
Similar Posts
- Manappuram Finance Ltd Declares Interim Dividend of Rs 0.75
- JK Paper Limited Declares Final Dividend of Rs 4
Indian Bank Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 9 July 2021 as the Record date. Payment of dividend will be made to those shareholders whose names appear as Beneficial Owners as at the close of business hours on Friday, the 9th July 2021.
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:
We have to inform you that the Board of Directors of the bank in its meeting held on date has, inter alia, recommended a dividend of Rs. 2 per equity share i.e. @20.00% of paid up equity capital of the bank for the financial year 2020-21.
Important Dates
- Company – Indian Bank
- Script Name – INDIANB (NSE) and 532814 (BSE)
- Dividend Amount – 2 Rs Per Share
- Dividend Type – Final
- Ex-Dividend Date – 8 July 2021
- Record Date – 9 July 2021
- Payment Date – 30 July 2021
Also, you can find more information about Indian Bank on National Stock Exchange and Moneycontrol – Indian Bank is an Indian government owned financial services and banking company. It is under the ownership of the Ministry of Finance of the Government of India which serves over 100 million customers with 43,011 employees & 6,004 branches with 5,428 ATMs.
