Jammu & Kashmir Bank today said it will pay a dividend of 260% to its shareholders for the financial year ended March 31, 2011.
"The shareholders of the bank have in their 73rd annual general meeting on July 9 approved the payment of dividend at 260% for the financial year ended 2010-11," J&K Bank said in a filing to the Bombay Stock Exchange (BSE).
The face value of shares of J&K Bank is Rs 10 a piece.
Shares of the bank closed at Rs 844, down 0.69% on the BSE.