Federal Bank shares to trade ex-dividend tomorrow; last chance to buy today for Rs 1.20 payout
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Shares of Federal Bank will go ex-dividend on Friday, August 22, making Thursday the final day investors can purchase the stock to qualify for the private sector lender’s dividend payout of Rs 1.20 per share. The Kerala-headquartered bank had fixed August 22 as the record date for its final dividend for the financial year ended March 31, 2025, according to an exchange filing dated July 30. “The Bank has fixed Friday, August 22, 2025, as the ‘Record Date’, to determine the members of the Bank eligible to receive the Final Dividend,” the lender said in its filing. Earlier, the board of Federal Bank approved a dividend of 60%, or Rs 1.20 per equity share of face value Rs 2, for FY2025. The payment, however, remains subject to shareholder approval at the bank’s upcoming Annual General Meeting (AGM). “Approved the convening of the 94th Annual General Meeting (AGM) of the Bank on Friday, August 29, 2025…,” the filing added. As per market rules,...