Indian Overseas Bank provides various banking products and services in India and internationally. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. It accepts various deposits, such as demand, savings, current, fixed, and term deposits; foreign currency (nonresident) accounts. The company's loan products include home, vehicle, jewel, clean, education, reverse mortgage, personal, agricultural, and corporate loans, as well as loan against the property; and micro, small, and medium enterprise loans. It also provides debit and credit cards, prepaid cards, NRI accounts, agricultural and rural banking products, merchant banking, payment, and internet banking services; and health, property, home, motor, and general insurance products. As of March 31, 2022, it operated 3,214 branches, 3,355 ATMs, and 2,659 business correspondents in India; and 4 overseas branches in Singapore, Hong Kong, Colombo, and Bangkok. The company was founded in 1937 and is based in Chennai, India.
Indian Overseas Bank Dividend Announcement
• Indian Overseas Bank announced a quarterly dividend of ₹0.50 per ordinary share which will be made payable on 2014-07-27. Ex dividend date: 2014-06-19
• Indian Overseas Bank's trailing twelve-month (TTM) dividend yield is -%
Indian Overseas Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2014-06-19 | ₹0.50 | quarterly | 2014-07-27 |
2014-02-10 | ₹0.70 | quarterly | 2014-02-28 |
2013-06-20 | ₹2.00 | quarterly | 2013-07-28 |
2012-06-21 | ₹4.50 | quarterly | 2012-07-29 |
2011-07-04 | ₹5.00 | quarterly | 2011-08-11 |
2010-05-26 | ₹3.50 | quarterly | 2010-08-19 |
2009-05-21 | ₹4.50 | quarterly | 2009-07-01 |
2008-05-05 | ₹3.50 | quarterly | 2008-06-01 |
2007-05-07 | ₹3.00 | quarterly | 2007-06-01 |
2006-05-11 | ₹2.60 | quarterly | 2006-05-28 |
2005-05-12 | ₹1.00 | quarterly | 2005-05-29 |
2004-11-11 | ₹1.40 | quarterly | 2004-11-24 |
2004-06-10 | ₹0.80 | quarterly | 2004-06-27 |
2004-01-22 | ₹1.20 | quarterly | 2004-02-07 |
2003-06-12 | ₹1.60 | quarterly | 2003-06-29 |
Indian Overseas Bank Dividend per year
Indian Overseas Bank Dividend growth
Indian Overseas Bank Dividend Yield
Indian Overseas Bank current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Indian Overseas Bank stock? Use our calculator to estimate your expected dividend yield:
Indian Overseas Bank Financial Ratios
Indian Overseas Bank Dividend FAQ
Other factors to consider when evaluating Indian Overseas 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: Indian Overseas 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, Indian Overseas 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, Indian Overseas 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 Indian Overseas 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: Indian Overseas 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, Indian Overseas 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: Indian Overseas 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 Indian Overseas 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 Indian Overseas 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.