Eastern Bank will organise its 32nd annual general meeting virtually at 11 am on April 29. 

The board of directors recommended a 25 percent dividend, including a 12.50 percent cash dividend, for the year that ended on December 31, 2023.

The meeting will elect directors and approve the appointment of an independent director, read a press release.

The shareholders whose names will appear in the register of members of the company or in the depository register on the record date will be eligible to join the AGM and entitled to receive the dividends as mentioned above.

The meeting will also approve the audited financial statements of the bank along with the reports of the auditors' and the directors for the year 2023.