Bank of Baroda (BoB) board of directors on Tuesday recommended a dividend along with its Q4 results. The board of directors of Bank of Baroda recommended a dividend of ₹8.35 per equity share for the FY2024-25, subject to declaration or approval at the ensuing 29th Annual General Meeting. The bank has also fixed record date for the dividend.
“Recommended a dividend at ₹8.35 (Eight Rupees Thirty Five Paise only) per equity share (Face Value ₹2/- each fully paid up) for the FY2024-25,” said the PSU bank in an exchange filing.
Additionally, the bank has announced that it has set a record/cut-off date of June 6, 2025, for the distribution of dividends. Therefore, shareholders who possess shares as of this cut-off date, June 6, 2025, will be entitled to receive the dividend payment.
Q4 Results
BoB announced on Tuesday a 3.3% increase in its standalone net profit for Q4FY25, reaching ₹5,048 crore, up from ₹4,886 crore in the corresponding period last year. During the January–March quarter, BoB generated ₹30,642 crore in interest income, reflecting a 3.6% rise from ₹29,583.40 crore a year earlier.
The state-owned bank reported a 6.6% decrease in net interest income (NII) for the March quarter, amounting to ₹11,020 crore compared to ₹11,793 crore in the same quarter of the previous year.
Bank of Baroda share price
The earnings were announced while the market was open, causing BoB shares to fall by 8% and reach a daily low of ₹229.76 on the NSE. Anshul Jain, Head of Research at Lakshmishree Investments said that Bank of Baroda shares rejected the neckline resistance of a 103-day-long bullish cup and handle pattern placed at 250.
“This rejection has trapped preemptive longs who entered before a confirmed breakout, making the stock look weak. The failure at a key resistance level suggests further downside pressure. The immediate target on the downside is the daily swing low of 219. A breach below that will open the path for a deeper correction towards 190,” added Jain.
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