INDIANB
Indian Bank
₹509.95
Indian Bank Dividend 2024 : Should Indian Bank be a part of your dividend portfolio?
Indian Bank is one of the most popular Financial Services company in the world with a market capitalisation of ₹69,570.69Cr. Its share price is ₹509.95 as on 25 April,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Indian Bank gave ₹15.10 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Financial Services stocks do not always pay a dividend but as Indian Bank pays dividends to reward its shareholders.
- In the quarter ending March 2023, Indian Bank has declared dividend of ₹8.60 - translating a dividend yield of 2.96%.
Let's look at Indian Bank’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Indian Bank’s revenue were ₹16,315.35Cr in the quarter ending December 2023. The revenue grew by 18.55% year on year basis since last quarter.
- Indian Bank’s profits were ₹2,205.63Cr in the quarter ending December 2023. The profits grew by 51.68% year on year basis since last quarter.
- Indian Bank’s dividend was ₹8.60 in the quarter ending March 2023.
Indian Bank Dividend related ratios:
- Last dividend date: 08/05/2023
- Current Dividend Yield: 2.96%
- Annual dividend payment: ₹15.10
History of Indian Bank's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
12/06/2023 | CASH | ₹8.60 | 08/05/2023 | 12/06/2023 |
14/06/2022 | CASH | ₹6.50 | 11/05/2022 | 15/06/2022 |
08/07/2021 | CASH | ₹2 | 28/05/2021 | 09/07/2021 |
02/06/2017 | CASH | ₹6 | 25/04/2017 | 06/06/2017 |
23/06/2016 | CASH | ₹1.50 | 11/05/2016 | 25/06/2016 |
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