/ Board Of City Union Bank Recommends A Dividend Of Rs 0.30 Per Equity Share ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 29 May 2017

City Union Bank Limited has informed BSE that the Board of Directors of the Bank at its meeting held on May 29, 2017, has recommended a dividend of Rs 0.30 per equity share i.e., 30% of face value of Re. 1 per equity share.

The board also recommended issue of bonus shares in the ratio of 1:10 i.e., one equity share of Re.1 each for every ten fully paid up equity shares held as on the record date, subject to the approval of the members of the Bank. The proposal for issue of bonus shares was not part of the original agenda for the Board meeting held on May 29, 2017, and was decided during the course of the meeting, said City Union Bank Limited in its BSE filing On Monday. City Union Bank Limited was trading down by 0.78% as at 11.40, on Monday, on the BSE.

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