Indian Bank Likely To Declare Dividend, Fundraise; Shares Fall

Public sector undertaking Indian Bank share price witnessed decline of 1.36% in trade today on Bombay Stock Exchange (BSE) to Rs 573.85 per share. The Board of Directors of the PSB will meet on May 3 to consider financial results for Q4 and financial year ended on March 31, 2025. The company will also consider recommendation of dividend for FY 2024-25, if any. Meanwhile, the company has a market capitalisation of Rs 77,295.53 crore. The return on equity of the stock stood at 15.93%. The bank has already recommended 19 dividends so far. Stake of Life Insurance Corporation Of India and its various schemes stood at 2.91% with 39,225,280 shares of the PSU. Check more details below:

Indian Bank To Consider Financial Results, Dividend

According to the exchange filing of the PSB dated April 24, 2025, “We have to inform you that a meeting of Board of Directors of the Bank is scheduled to be held on Saturday, the 03 rd May 2025, inter alia, to:

Indian Bank Likely To Declare Dividend, Fund Raising In May, Shares Fall 1.36%

(i) Consider and approve the Audited Financial Results (Standalone & Consolidated) of the Bank for the Fourth Quarter and FY ended on 31st March 2025.

(ii) Consider recommendation of Dividend for FY 2024-25, if any, subject to obtaining the necessary statutory/ regulatory approvals.

(iii) Consider a proposal regarding Fund/ Capital Raising plan of the Bank.”

Indian Bank Dividend History

Indian Bank recommended a total of 19 dividends since 2007. In last 1-year, the large cap PSB announced an equity dividend amounting to Rs 12.00 per share. It offers a dividend yield of 2.09%.

Indian Bank Shares Performance

The 52-week high of Indian Bank share price on BSE stood at Rs 626.35 per share (as on 03/06/2024) and 52-week low price is Rs 474.05 per share (as on 13/01/2025), respectively. Indian Bank shares zoomed 14.9% in last 3-months, surged 10.9 year-to-date, and rallied 12.5% in last 1-year. In last 2-years, the leading PSB soared 83.1%, delivered shareholders returns of 254.89% in last 3-years, and offered impressive surge of 1083.20% in last 5-years span.

Indian Bank Financials Compared With Peers

The bank for the quarter ended December 2024 declared its profit after tax (PAT) at Rs 2,852.36 crore. On the other hand, SBI announced its PAT at Rs 16,891.44 crore, Bank of India announced at Rs 2,516.69 crore, and Central Bank at Rs 958.93 crore.

Disclaimer: The story highlights results, dividend, fundraising and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.