Shares of Bank of Baroda surged by Rs 20.35 after the bank's board of directors approved an interim dividend of Rs 11 per share for the current fiscal, which is probably the highest interim dividend declared for this year by a PSU bank so far.
The stock gained 3.39 per cent to move up to Rs 641 on the BSE today about 30 minutes before the market is to close after the decision was made public.
The bank has fixed January 29 as the payment date and the record date to determine the eligibility of shareholders to receive dividend will be January 21.
Last year, BoB paid a dividend of Rs 21.50/share for the full year.