Bank of Maharashtra provides various banking products and services in India. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking segments. It accepts savings, current, and term deposits, as well as provides capital gain account schemes. The company also offers housing loans, vehicle loans, topup loans, education loans, gold loans, consumer and personal loans, salary again schemes, and adhaar loans, as well as loans against properties; working capital, term, project, infrastructure, export, and bill financing services; lines of credit; commercial lease rental services; accounts takeover services; non-fund based services; micro, small, and medium enterprise loans; and agriculture loans. In addition, it provides digital banking and lending services, and government schemes; documentary credits and collections, import and export financing, guarantees, travel related forex, non-resident Indian services, remittance schemes, and risk management services; and remittance facilities, as well as hedges exchange risk. As of March 31, 2022, it operated 2,072 banking outlets, and 2,128 automated teller machines and cash recycler machines. Bank of Maharashtra was incorporated in 1935 and is headquartered in Pune, India.
Bank of Maharashtra Dividend Announcement
• Bank of Maharashtra announced a semi annually dividend of ₹1.40 per ordinary share which will be made payable on 2024-07-12. Ex dividend date: 2024-05-10
• Bank of Maharashtra annual dividend for 2024 was ₹1.40
• Bank of Maharashtra annual dividend for 2023 was ₹2.60
• Bank of Maharashtra's trailing twelve-month (TTM) dividend yield is 2.59%
Bank of Maharashtra Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-10 | ₹1.40 | semi annually | 2024-07-12 |
2023-06-01 | ₹1.30 | semi annually | |
2023-05-23 | ₹1.30 | semi annually | 2023-07-09 |
2022-06-20 | ₹0.50 | semi annually | 2022-07-28 |
2015-06-19 | ₹0.80 | semi annually | 2015-07-08 |
2014-02-06 | ₹1.00 | semi annually | 2014-02-17 |
2013-05-30 | ₹2.30 | semi annually | 2013-07-14 |
2012-06-14 | ₹2.20 | semi annually | 2012-07-25 |
2011-06-16 | ₹2.00 | semi annually | 2011-07-27 |
2010-06-30 | ₹2.00 | semi annually | 2010-07-23 |
2009-07-02 | ₹1.50 | semi annually | 2009-07-24 |
2008-05-29 | ₹2.00 | semi annually | 2008-07-01 |
2007-05-30 | ₹2.00 | semi annually | 2007-07-01 |
Bank of Maharashtra Dividend per year
Bank of Maharashtra Dividend growth
Bank of Maharashtra Dividend Yield
Bank of Maharashtra current trailing twelve-month (TTM) dividend yield is 2.59%. Interested in purchasing Bank of Maharashtra stock? Use our calculator to estimate your expected dividend yield:
Bank of Maharashtra Financial Ratios
Bank of Maharashtra Dividend FAQ
Other factors to consider when evaluating Bank of Maharashtra 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 Maharashtra'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 Maharashtra 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 Maharashtra 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 Maharashtra 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 Maharashtra 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 Maharashtra 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 Maharashtra 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 Maharashtra'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 Maharashtra'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.