Bandhan Bank Limited provides commercial banking services in India. It operates through Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business segments. The company accepts fixed and recurring deposits; and offers savings, current, and corporate salary accounts. It also provides home, gold, personal, two-wheeler, and car loans; loans against property and term deposits; and loans for small, medium, and large businesses. In addition, the company invests in sovereign securities; offers liability products, card services, internet and mobile banking, ATM, trading, and NRI services; and distributes third party products. Further, it provides mutual fund, money transfer, bill payment and recharge, debit and credit card, safe deposit locker, remittance, and transaction banking services, as well as health, life, home, travel, and car insurance products. As of March 31, 2022, the company operated 1,189 branches, 4,450 banking units, and 471 ATMs. Bandhan Bank Limited was incorporated in 2014 and is headquartered in Kolkata, India.
Bandhan Bank Dividend Announcement
• Bandhan Bank announced a annually dividend of ₹1.50 per ordinary share which will be made payable on 2024-08-13. Ex dividend date: 2024-08-13
• Bandhan Bank annual dividend for 2024 was ₹1.50
• Bandhan Bank annual dividend for 2023 was ₹1.50
• Bandhan Bank's trailing twelve-month (TTM) dividend yield is 1.69%
Bandhan Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-13 | ₹1.50 | annually | 2024-08-13 |
2023-08-11 | ₹1.50 | annually | 2023-09-17 |
2021-07-29 | ₹1.00 | annually | 2021-09-05 |
2019-06-20 | ₹3.00 | annually | 2019-07-28 |
2018-07-12 | ₹1.00 | annually | 2018-08-18 |
Bandhan Bank Dividend per year
Bandhan Bank Dividend growth
Bandhan Bank Dividend Yield
Bandhan Bank current trailing twelve-month (TTM) dividend yield is 1.69%. Interested in purchasing Bandhan Bank stock? Use our calculator to estimate your expected dividend yield:
Bandhan Bank Financial Ratios
Bandhan Bank Dividend FAQ
Other factors to consider when evaluating Bandhan Bank as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Bandhan Bank's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Bandhan Bank publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Bandhan Bank distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Bandhan Bank are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Bandhan Bank sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Bandhan Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Bandhan Bank declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Bandhan Bank's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Bandhan Bank's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.