Union Bank of India Recommends ₹5 Dividend for FY26: Check Record Date

Union Bank of India has recommended a dividend of ₹5 per equity share for FY26.

• The payout is subject to statutory and shareholder approval at the upcoming Annual General Meeting (AGM).
• The bank will announce the AGM date and book closure details later.

Union Bank of India Q4 FY26 Earnings Highlights

The bank reported mixed performance for the March quarter:

• Net Interest Income (NII): ₹9,406 crore (down 1% YoY)
• Profit After Tax:
• Up 7% YoY
• Up 6% sequentially

Higher provisions impacted overall profitability during the quarter.

Provisions Rise Sharply

Provisions increased significantly:

• Jumped from ₹322 crore to ₹1,055 crore sequentially
• Up 31% YoY

The higher provisioning requirement weighed on the bank’s earnings sentiment.

Asset Quality Improves

Despite higher provisions, asset quality showed improvement:

• Gross NPA: Fell to 2.82% (from 3.06%)
• Net NPA: Declined to 0.48% (from 0.51%)

This indicates better control over bad loans.

Union Bank of India Share Price Reaction

Union Bank of India share price (NSE: UNIONBANK) was trading at ₹175.62 on 24 April at 1:29 pm IST, down ₹4.09 (2.28%) for the day. The stock opened at ₹179.30, touched an intraday high of ₹180.75, and slipped to a low of ₹175.01. Its 52-week high stands at ₹205.49, while the 52-week low is ₹114.50. The stock offers a dividend yield of 2.70%, with a quarterly dividend amount of ₹1.19 per share.

Conclusion

Union Bank rewarded shareholders with a dividend announcement and reported profit growth, but rising provisions and soft NII impacted investor sentiment. Improving asset quality remains a positive sign for the bank’s future.

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