Big Update On Dividend By PSU Bank Stock: Record Date Fixed & Falling On 1st Week of July; Time To Buy Shares?

With a market value of Rs 35,906.91 Cr, the Central Bank of India's shares closed Monday, June 30, 1.20% higher on the BSE at Rs 39.67 per share. Following the Board of Directors' announcement of the record date for the FY25 final dividend, the PSU Bank shares gained attention.

Central Bank of India Dividend Record Date

"This is to inform that pursuant to recommendation of final dividend of Rs.0.1875 per equity share by the Board of Directors of the Bank at its meeting held on 28th April, 2025, Bank has fixed Friday, 04th July, 2025 as the Record Date for determining entitlement of Members for payment of final dividend for the financial year ended March 31, 2025. The said dividend will be paid subject to approval of Shareholders at the 18th Annual General Meeting of Bank scheduled on Saturday, 19th July, 2025 as under: a) To all beneficial owners in respect of shares held in electronic form as per the data as may be made available by the National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL) as of the close of the business hours on 04th July 2025; b) To all the members in respect of shares held in physical form after giving effect to valid transfers in respect of transfer requests lodged with the Bank / Bank's RTA on or before the close of business hours on 04th July, 2025; c) The dividend will be distributed to the eligible shareholders within 30 days from the date of the 18th Annual General Meeting," said Central Bank of India (CBIN) in a stock exchange filing.

Central Bank of India Dividend Yield & History

Following a ten-year hiatus, CBIN resumed dividend payout in FY 2024-2025. The bank announced a final dividend of Rs 0.1875 per share on April 28, 2025. The distribution is subject to shareholder approval at the AGM on July 19, 2025, and the record date is July 4, 2025. Prior to that, CBIN had paid out Rs 2.50 in 2013 and Rs 2.00 in 2012, with its most recent dividend being Rs 0.50 per share in June 2015. With a share price of about Rs 39.7, the current dividend yield is low at about 0.47%. According to Trendlyne statistics, the broader Indian banking industry has a trailing one-year average dividend yield of around 1.21%. In comparison, CBIN's yield (less than 0.5%) is far lower than the industry average.

Central Bank of India Share Price Target

"Central Bank of India is consolidating in a narrow range after a sharp rally. Immediate resistance lies at ₹41, and a breakout above this level could lead to ₹44-₹45. Support is seen at ₹38.50. As long as it stays above this support, the trend remains positive. Traders may consider buying above ₹41 or on dips near ₹39 with a stop-loss at ₹37.80," commented Riyank Arora, Technical Analyst at Mehta Equities Ltd.

Disclaimer

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