DCB Bank Limited provides various banking and financial products and services in India. It operates through Treasury Operations, Wholesale Banking, Retail Banking, and Other Banking Operations segments. The Treasury Operations segment engages in various financial markets activities undertaken on behalf of the company's customers, proprietary trading, maintenance of reserve requirements, and resource mobilization from other banks and financial institutions. The Wholesale Banking segment's activities include lending, deposit taking, and other services offered to corporate customers. The Retail Banking segment's activities comprise lending, deposit taking, and other services offered to retail customers. The Other Banking Operations segment provides para banking services, such as third-party product distribution, merchant banking, etc. As of May 07, 2022, it operated through a network of 400 branches in India. The company was formerly known as Development Credit Bank Limited and changed its name to DCB Bank Limited in October 2013. DCB Bank Limited was incorporated in 1995 and is based in Mumbai, India.
DCB Bank Dividend Announcement
• DCB Bank announced a annually dividend of ₹1.25 per ordinary share which will be made payable on 2024-07-12. Ex dividend date: 2024-05-10
• DCB Bank annual dividend for 2024 was ₹1.25
• DCB Bank annual dividend for 2023 was ₹1.25
• DCB Bank's trailing twelve-month (TTM) dividend yield is 1.05%
DCB Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-10 | ₹1.25 | annually | 2024-07-12 |
2023-06-15 | ₹1.25 | annually | 2023-07-22 |
2022-06-14 | ₹1.00 | annually | 2022-07-22 |
2019-05-23 | ₹1.00 | annually | 2019-07-01 |
2018-05-24 | ₹0.75 | annually | 2018-07-02 |
2017-05-24 | ₹0.50 | annually | 2017-07-01 |
DCB Bank Dividend per year
DCB Bank Dividend growth
DCB Bank Dividend Yield
DCB Bank current trailing twelve-month (TTM) dividend yield is 1.05%. Interested in purchasing DCB Bank stock? Use our calculator to estimate your expected dividend yield:
DCB Bank Financial Ratios
DCB Bank Dividend FAQ
Other factors to consider when evaluating DCB 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: DCB 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, DCB 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, DCB 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 DCB 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: DCB 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, DCB 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: DCB 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 DCB 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 DCB 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.