Four PSU banks declare dividends to shareholders

NEW DELHI: As many as four public sector banks today announced their financial results for the fourth quarter ended March 2015 along with declaration of dividend to shareholders.

Union Bank has recommended a dividend of 60 per cent i.e. Rs 6 per share which will be paid to shareholders by July 6, 2015.

Punjab & Sind Bank, UCO Bank and Central Bank of India have also recommended dividend payouts to their shareholders.

"UCO Bank has recommended a dividend of Rs 2 per equity share for the year ended March 31, 2015," the bank said in a filing to the BSE.

Punjab & Sind Bank has recommended a dividend of 60 paise per equity share, while Central Bank's dividend payout is at Rs 0.50 per equity share of Rs 10 each for the financial year 2014-15.