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The Jammu and Kashmir Bank Limited provides various banking products and services. The company operates through Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business segments. It offers savings, current, salary, pension, and small accounts; and term deposits. The company also provides housing, consumer, education, term, car, coaching fee, personal consumption, and skill loans; festival advances; and laptop/PC, smartphone, school education, modular kitchen, Sahafat, solar equipment, and two-wheeler finance services, as well as cash credit schemes, and loans against gold ornaments and jewellery. In addition, it offers commercial vehicle, school bus, passenger bus/mini bus, dastkar, craftsmen, commercial premises, contractor, mini sheep farm establishment, construction equipment, and tourism financing services; Saral financing services to small businessmen; mortgage loans for trade and service sector, loans against mortgage of immovable property, fair price shop schemes, and start-ups financing services; Karobar cards; guaranteed emergency credit lines; credit guarantee schemes for subordinate debt; agroterm loans, fruit advances schemes, and Giri finance schemes; debt swap schemes for farmers; and mortgage loan schemes for agricultural produce traders. Further, the company provides govt sponsored schemes; life and non-life insurance products; debit, credit, and prepaid cards; and merchant acquiring services. As of March 31, 2022, it operated 980 branches and 1404 ATMs in India. The company serves business enterprises, employees of government, semi government and autonomous bodies, farmers, artisans, public sector organizations, and corporate clients. The Jammu and Kashmir Bank Limited was incorporated in 1938 and is headquartered in Srinagar, India.

Jammu and Kashmir Bank Dividend Announcement

• Jammu and Kashmir Bank announced a semi annually dividend of ₹2.15 per ordinary share which will be made payable on . Ex dividend date: 2024-08-09
• Jammu and Kashmir Bank annual dividend for 2024 was ₹2.15
• Jammu and Kashmir Bank annual dividend for 2023 was ₹1.00
• Jammu and Kashmir Bank's trailing twelve-month (TTM) dividend yield is 2.21%
• Jammu and Kashmir Bank's payout ratio for the trailing twelve months (TTM) is 0.18%

Jammu and Kashmir Bank Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-09₹2.15semi annually
2023-08-17₹0.50semi annually
2023-08-14₹0.50semi annually
2016-07-11₹1.75semi annually
2015-08-13₹2.10semi annually
2014-07-24₹50.00semi annually
2013-06-13₹50.00semi annually
2012-07-05₹33.50semi annually
2011-06-29₹26.00semi annually
2010-07-22₹22.00semi annually
2009-09-17₹16.90semi annually
2008-07-10₹15.50semi annually
2007-05-31₹11.50semi annually

Jammu and Kashmir Bank Dividend per year

Jammu and Kashmir Bank Dividend growth

Jammu and Kashmir Bank Dividend Yield

Jammu and Kashmir Bank current trailing twelve-month (TTM) dividend yield is 2.21%. Interested in purchasing Jammu and Kashmir Bank stock? Use our calculator to estimate your expected dividend yield:

Jammu and Kashmir Bank Financial Ratios

P/E ratio5.28
PEG ratio0.05
P/B ratio0.80
ROE16.23%
Payout ratio0.18%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

Jammu and Kashmir Bank Dividend FAQ

Does Jammu and Kashmir Bank stock pay dividends?
Jammu and Kashmir Bank does not currently pay dividends to its shareholders.
Has Jammu and Kashmir Bank ever paid a dividend?
No, Jammu and Kashmir Bank has no a history of paying dividends to its shareholders. Jammu and Kashmir Bank is not known for its dividend payments.
Why doesn't Jammu and Kashmir Bank pay dividends?
There are several potential reasons why Jammu and Kashmir Bank would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Jammu and Kashmir Bank ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Jammu and Kashmir Bank has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Jammu and Kashmir Bank a dividend aristocrat?
Jammu and Kashmir Bank is not considered a Dividend Aristocrat. 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 Jammu and Kashmir Bank a dividend king?
Jammu and Kashmir Bank is not classified as a "Dividend King". 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 Jammu and Kashmir Bank a dividend stock?
No, Jammu and Kashmir Bank is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Jammu and Kashmir Bank stocks?
To buy Jammu and Kashmir 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 and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Jammu and Kashmir 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.