Last day to buy shares of Canara Robeco AMC to receive first-ever dividend after listing

Investors looking to benefit from the first interim dividend payout announced after its listing, by Canara Robeco Asset Management Company should take action today, as December 19 is the last day to buy shares of the company in order to be eligible for a dividend of Rs 1.50 per equity share, since the company has set December 22, as the record date.

As per the company’s official communication, the Board of Directors approved the interim dividend on December 16, during its board meeting.

The dividend represents 15% of the face value of Rs 10 per share, translating to a Rs 1.50 payout per share. This marks the company’s first dividend payout since its listing on the stock exchanges.


According to the notice, the dividend will be paid to shareholders whose names appear in the Register of Members or as beneficial holders in the records of depositories as of the close of business hours on the record date, December 22.

Since Indian stock markets follow a T+1 settlement cycle, investors must purchase shares on or before December 19 to ensure eligibility.

Canara Robeco Mutual Fund is a collaboration between Canara Bank, with over a century of banking experience, and Robeco, known for its global investment expertise. The partnership combines local trust with international financial engineering to deliver sustained, performance-driven investment solutions.

Together, they aim to secure investors’ financial futures by bringing collective knowledge and a strong track record of asset management.

The shares of Canara Robeco Asset Management Company closed 6.12% higher at Rs 304.30 on the BSE on Thursday.

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