UNIONBANK
Union Bank of India
₹147.10
Union Bank of India Dividend 2024 : Should Union Bank of India be a part of your dividend portfolio?
Union Bank of India is one of the most popular Financial Services company in the world with a market capitalisation of ₹1,12,137.67Cr. Its share price is ₹147.10 as on 24 April,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Union Bank of India gave ₹4.90 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 Union Bank of India pays dividends to reward its shareholders.
- In the quarter ending March 2023, Union Bank of India has declared dividend of ₹3 - translating a dividend yield of 3.33%.
Let's look at Union Bank of India’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Union Bank of India’s revenue were ₹29,801.98Cr in the quarter ending December 2023. The revenue grew by 20.97% year on year basis since last quarter.
- Union Bank of India’s profits were ₹3,625.39Cr in the quarter ending December 2023. The profits grew by 60.16% year on year basis since last quarter.
- Union Bank of India’s dividend was ₹3 in the quarter ending March 2023.
Union Bank of India Dividend related ratios:
- Last dividend date: 06/05/2023
- Current Dividend Yield: 3.33%
- Annual dividend payment: ₹4.90
History of Union Bank of India's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
28/07/2023 | CASH | ₹3 | 06/05/2023 | 29/07/2023 |
22/06/2022 | CASH | ₹1.90 | 13/05/2022 | 24/06/2022 |
17/06/2016 | CASH | ₹1.95 | 13/05/2016 | 21/06/2016 |
18/06/2015 | CASH | ₹6 | 12/05/2015 | 20/06/2015 |
19/06/2014 | CASH | ₹1.30 | 08/05/2014 | 21/06/2014 |
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