Bank of India Limited provides various banking products and services. It operates through Treasury Operations, Wholesale Banking, and Retail Banking segments. The company accepts various deposit products, such as savings, salary, current, term, and tax saving deposits. It also offers home, education, vehicle, personal, pensioner, and top-up loans, as well as loan for Pradhan Mantri Awas Yojana and against property; housing loans to NRIs/PIOs; overdraft against securities; loans against FCNR deposits; and loans for corporate and MSME customers. In addition, the company provides cash management services; trade finance; online share trading services; insurance products and services; mutual fund products; portfolio management services; credit, debit, and prepaid cards; and remittance, online banking and payment, online income tax return, and ATM and other kiosk services, as well as cards, loans, and services to rural customers. As of March 31, 2022, it operated 5,105 branches in India; and 22 branches and 1 representative office internationally. The company was incorporated in 1906 and is headquartered in Mumbai, India.
Bank of India Dividend Announcement
• Bank of India announced a annually dividend of ₹2.80 per ordinary share which will be made payable on 2024-07-25. Ex dividend date: 2024-06-18
• Bank of India annual dividend for 2024 was ₹2.80
• Bank of India annual dividend for 2023 was ₹2.00
• Bank of India's trailing twelve-month (TTM) dividend yield is 2.51%
Bank of India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-18 | ₹2.80 | annually | 2024-07-25 |
2023-06-20 | ₹2.00 | annually | 2023-07-27 |
2022-07-07 | ₹2.00 | annually | 2022-08-14 |
2015-07-10 | ₹5.00 | annually | 2015-07-24 |
2014-01-23 | ₹5.00 | annually | 2014-01-29 |
2013-06-20 | ₹10.00 | annually | 2013-07-29 |
2012-06-21 | ₹7.00 | annually | 2012-07-28 |
2011-07-07 | ₹7.00 | annually | 2011-08-13 |
2010-07-08 | ₹7.00 | annually | 2010-07-21 |
2009-07-02 | ₹5.00 | annually | 2009-07-20 |
2009-03-13 | ₹3.00 | annually | 2009-03-23 |
2008-07-03 | ₹4.00 | annually | 2008-07-17 |
2007-06-29 | ₹1.50 | annually | 2007-07-19 |
Bank of India Dividend per year
Bank of India Dividend growth
Bank of India Dividend Yield
Bank of India current trailing twelve-month (TTM) dividend yield is 2.51%. Interested in purchasing Bank of India stock? Use our calculator to estimate your expected dividend yield:
Bank of India Financial Ratios
Bank of India Dividend FAQ
Other factors to consider when evaluating Bank of India 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: Bank of India'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, Bank of India 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, Bank of India 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 Bank of India 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: Bank of India 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, Bank of India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Bank of India 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 Bank of India'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 Bank of India'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.