Union Bank of India Recommends ₹5 Dividend Per Share for FY26
Union Bank of India recommended a dividend of ₹5 per equity share for FY26. The Board approved audited standalone and consolidated financial results for the quarter/year ended March 31, 2026. The dividend payment is subject to regulatory and shareholder approvals at the upcoming AGM.
The dividend recommendation is a material event for shareholders, impacting the bank's distribution policy and potentially its stock attractiveness.
The recommendation of a dividend is a positive sign for shareholders.
Union Bank of India announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors, in its meeting held on April 23, 2026, approved the standalone and consolidated financial results, along with the statement of assets and liabilities and cash flows for the year ended March 31, 2026.
The Board has recommended a dividend of ₹5 per equity share of ₹10 face value for the Financial Year 2025-26. This recommendation is subject to obtaining necessary statutory approvals and the approval of shareholders at the upcoming 24th Annual General Meeting (AGM).
The bank also submitted its independent auditors' report on the financial results and confirmed a NIL statement of deviation/variation in the utilization of proceeds from equity shares and non-convertible debt bonds. A NIL Security Cover certificate as of March 31, 2026, for non-convertible debt securities was also provided.
The financial results will be made available on the bank's website. The Board meeting commenced at 09:40 a.m. and concluded at 12:25 p.m.
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Union Bank of India filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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