BSE · Derivatives · Low
BSE adjusts Union Bank of India F&O contracts for ₹5 dividend
Adjustments applied at end of July 2; new strike and futures prices effective July 3.
What changed
- Union Bank declared ₹5 per share dividend for FY26-27.
- Options: ₹5 deducted from all strike prices on July 2.
- Futures: daily settlement price on July 2 less ₹5 becomes base rate for July 3.
The read
BSE is adjusting F&O contracts on Union Bank of India for a ₹5 dividend, a routine corporate action. The adjustment neutralises the dividend outflow, preventing arbitrage around the ex-date. Options strikes will be reduced by ₹5, and futures prices will be marked down by the same amount. No market impact beyond contract mechanics.
Union Bank of India₹5 dividend
Primary source: official circular (PDF)