Canara Bank provides various banking products and services in India and internationally. It offers personal banking services, such as savings and deposits comprising savings accounts, current accounts, recurring deposits, fixed deposits, unclaimed deposits, deposit schemes for senior citizens, and re-investment plans; loan products, including housing, home improvement, vehicle, site, rent, teachers, gold, mortgage, housing-cum-solar, consumer, education, rain water harvesting, and other loans; life, general, and health insurance products; consultancy services, which cover personal tax assistance and investment counselling, estate and wills, private and charitable trustee, debenture and security trusteeship, and attorney ship services; foreign exchange and international banking services; mutual funds; and safe deposit lockers, depository, safe custody, and card services. The company also provides corporate banking products and services, including accounts and deposits, such as current, fixed, and recurring deposits; supply chain finance management; loans and advances comprising working capital finance, term loans, infrastructure financing, and export finance; syndication services; IPO monitoring services; and merchant and commercial banking, escrow bankers/ASBA, underwriting, and investment services. In addition, it offers NRI banking products and services, such as remittance facilities; loans and advances, such as home, home improvement, vehicle, rent, mortgage, and site loans; consultancy safe deposit lockers, safe custody, and attorney ship services; and investment and online trading facilities. Further, the company provides internet, micro, small, and medium enterprises banking services. As of March 31, 2022, it operated 9734 branches, including 777 specialized branches and 3 overseas branches; and 12,208 ATMs. Canara Bank was incorporated in 1906 and is headquartered in Bengaluru, India.
Canara Bank Dividend Announcement
• Canara Bank announced a annually dividend of ₹3.22 per ordinary share which will be made payable on 2024-07-28. Ex dividend date: 2024-06-14
• Canara Bank annual dividend for 2024 was ₹3.22
• Canara Bank annual dividend for 2023 was ₹12.00
• Canara Bank's trailing twelve-month (TTM) dividend yield is 3.11%
Canara Bank Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-06-14 | ₹3.22 | annually | 2024-07-28 |
| 2023-06-14 | ₹12.00 | annually | 2023-07-28 |
| 2022-06-15 | ₹6.50 | annually | 2022-07-23 |
| 2017-07-12 | ₹1.00 | annually | 2017-08-19 |
| 2015-06-25 | ₹10.50 | annually | 2015-08-13 |
| 2014-07-03 | ₹4.50 | annually | 2014-08-20 |
| 2014-01-24 | ₹6.50 | annually | 2014-01-31 |
| 2013-07-04 | ₹13.00 | annually | 2013-08-21 |
| 2012-06-14 | ₹11.00 | annually | 2012-07-27 |
| 2011-07-06 | ₹11.00 | annually | 2011-08-17 |
| 2010-06-14 | ₹10.00 | annually | 2010-08-18 |
| 2009-07-08 | ₹8.00 | annually | 2009-08-01 |
| 2008-06-10 | ₹8.00 | annually | 2008-07-01 |
Canara Bank Dividend per year
Canara Bank Dividend growth
Canara Bank Dividend Yield
Canara Bank current trailing twelve-month (TTM) dividend yield is 3.11%. Interested in purchasing Canara Bank stock? Use our calculator to estimate your expected dividend yield:
Canara Bank Financial Ratios
P/E ratio5.88
PEG ratio-0.66
P/B ratio0.92
ROE16.75%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00
Canara Bank Dividend FAQ
How much is the next Canara Bank dividend?
Canara Bank's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Canara Bank dividend. The next Canara Bank dividend will be released in June.
When is Canara Bank dividend paid?
Canara Bank pays dividends on a annually basis. The specific dates may vary each year but are generally around June. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Canara Bank pay?
The specific amount of Canara Bank dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Canara Bank's dividend history.
Does Canara Bank stock pay dividends?
Yes, Canara Bank does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Canara Bank's dividend history.
How much dividend does Canara Bank pay?
Canara Bank paid ₹3.22 in 2024, ₹12.0 in 2023, ₹6.5 in 2022, ₹0.0 in 2021, and ₹0.0 in 2020.
How often does Canara Bank pay dividends?
Canara Bank typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around June.
What is Canara Bank's dividend yield?
The current dividend yield for Canara Bank is 3.11%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Canara Bank's exact dividend yield.
When does Canara Bank go ex dividend?
Canara Bank's ex-dividend date for the latest dividend was on 2024-06-14. Canara Bank typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Canara Bank dividend paid?
Canara Bank pays dividends on a annually basis, typically around June, but the exact dates can vary each year.
Will Canara Bank increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Canara Bank will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Canara Bank dividend per share?
Canara Bank paid ₹3.22 per share in 2024 and ₹12.0 per share in 2023. The amount of dividend per share that Canara Bank pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Canara Bank a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Canara Bank a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Canara Bank a dividend stock?
Yes, Canara Bank is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Canara Bank a good dividend stock?
Whether Canara Bank is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Canara Bank has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Canara 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.
Other factors to consider when evaluating Canara 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.
Does Canara Bank pay dividends monthly?
Canara Bank typically pays dividends on a annually basis.
Does Canara Bank pay dividends quarterly?
Canara Bank currently pays dividends on a annually basis.
Has Canara Bank ever paid a dividend?
Yes, Canara Bank has a history of paying dividends to its shareholders. Canara Bank is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Canara Bank dividend stocks?
To buy Canara Bank you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Canara Bank stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Canara Bank stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Canara Bank pay dividends 2024?
Canara Bank pays dividends on a annually basis. 2024 dividend payments are in 2024-07-28. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Canara Bank increase its dividend in 2024?
Decisions regarding Canara Bank dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Canara Bank dividend overview you can look into the above table of dividend history.
How Canara Bank dividend works?
The Canara Bank dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Canara Bank's dividend process works:
1. Determination of Dividend: Canara 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, Canara 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, Canara 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 Canara 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. Determination of Dividend: Canara 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, Canara 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, Canara 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 Canara 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.
How are Canara Bank dividends paid?
Canara Bank dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Canara 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, Canara 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: Canara 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.
1. Record Date: Canara 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, Canara 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: Canara 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.
How many times does Canara Bank pay dividends?
Canara Bank typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Canara Bank pay dividends?
The general pattern is that Canara Bank pays dividends around June. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Canara Bank dividend safe?
The safety of Canara Bank's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Canara 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 Canara 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.
To assess the safety of Canara 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 Canara 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.