The Federal Bank Limited provides a range of banking and financial services in India. It operates through four segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The company's deposit products include savings accounts, current accounts, noor personal accounts, demat accounts, salary accounts, fixed deposits, cash certificates, recurring deposits, exchange earners' foreign currency accounts, gilt accounts, and NRI deposit schemes. Its loan portfolio comprises personal, gold, housing, car, property, educational and career, instant digital, SME business, agri and agri allied, and other loans; loans against sovereign gold bonds and fixed deposit; term loans, project finance, and working capital loans; and debit and credit cards. The company also provides life, health, and general insurance products; cash management, wealth management, and merchant banking services; mutual funds, sovereign gold bonds, online trading, and national pension system; treasury products; and remittance, fund transfer, payment and collection, bill discounting, bank guarantees, letter of credit, packing credit limit, trade finance, LC bill discounting, internet banking, mobile banking, ATM, and tele banking services. As of March 31, 2022, The Federal Bank Limited operated 1,282 branches and 1,885 ATMs/recyclers. The company was formerly known as Travancore Federal Bank Limited and changed its name to The Federal Bank Limited in March 1947. The Federal Bank Limited was incorporated in 1931 and is based in Aluva, India.
Federal Bank Dividend Announcement
• Federal Bank announced a annually dividend of ₹1.20 per ordinary share which will be made payable on 2024-09-29. Ex dividend date: 2024-08-23
• Federal Bank annual dividend for 2024 was ₹1.20
• Federal Bank annual dividend for 2023 was ₹1.00
• Federal Bank's trailing twelve-month (TTM) dividend yield is 0.58%
Federal Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-23 | ₹1.20 | annually | 2024-09-29 |
2023-08-11 | ₹1.00 | annually | 2023-09-17 |
2022-07-19 | ₹1.80 | annually | 2022-08-26 |
2021-07-01 | ₹0.70 | annually | 2021-08-08 |
2019-07-17 | ₹1.40 | annually | 2019-08-24 |
2018-08-02 | ₹1.00 | annually | 2018-09-09 |
2017-07-03 | ₹0.90 | annually | 2017-08-13 |
2016-07-29 | ₹0.70 | annually | 2016-09-10 |
2015-05-28 | ₹2.20 | annually | 2015-07-29 |
2014-07-04 | ₹2.00 | annually | 2014-08-16 |
2013-07-09 | ₹9.00 | annually | 2013-08-19 |
2012-07-20 | ₹9.00 | annually | 2012-09-01 |
Federal Bank Dividend per year
Federal Bank Dividend growth
Federal Bank Dividend Yield
Federal Bank current trailing twelve-month (TTM) dividend yield is 0.58%. Interested in purchasing Federal Bank stock? Use our calculator to estimate your expected dividend yield:
Federal Bank Financial Ratios
Federal Bank Dividend FAQ
Other factors to consider when evaluating Federal 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: Federal 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, Federal 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, Federal 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 Federal 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: Federal 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, Federal 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: Federal 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 Federal 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 Federal 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.