The Karur Vysya Bank Limited provides various banking and financial services for personal and corporate customers in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers savings and current accounts; recurring, tax saving, and fixed deposits; personal, home, vehicle, and educational loans, as well as business loans, including working capital finance, term loans, and trade finance; foreign exchange services; debit and credit cards; prepaid instruments, including gift, forex travel, and re-loadable cards, as well as cards for senior citizens; life, non-life, and health insurance products; demat, trading, and mutual fund services; digital products; locker facilities; social security schemes; and government sponsored schemes. It also provides loans for micro, small, and medium enterprises, as well as commercial loans; mortgages; payment collection and transaction banking services; FCNR, NRE, and NRO deposits; jewel loans and loans against deposits; remittance services; and Internet and mobile banking services, as well as a range of products for the agricultural sector. As of March 31, 2022, the company operated 822 branches; 1,639 automated teller machines; 584 bunch note recycler machines; and 178 self-service passbook kiosks. The Karur Vysya Bank Limited was founded in 1916 and is based in Karur, India.
Karur Vysya Bank Dividend Announcement
• Karur Vysya Bank announced a annually dividend of ₹2.40 per ordinary share which will be made payable on 2024-09-13. Ex dividend date: 2024-08-01
• Karur Vysya Bank annual dividend for 2024 was ₹2.40
• Karur Vysya Bank annual dividend for 2023 was ₹2.00
• Karur Vysya Bank's trailing twelve-month (TTM) dividend yield is 1.08%
Karur Vysya Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-01 | ₹2.40 | annually | 2024-09-13 |
2023-08-07 | ₹2.00 | annually | 2023-09-22 |
2022-07-19 | ₹1.60 | annually | 2022-09-02 |
2021-07-23 | ₹0.50 | annually | 2021-09-10 |
2019-07-10 | ₹0.60 | annually | 2019-08-17 |
2018-07-11 | ₹0.60 | annually | 2018-08-10 |
2017-07-12 | ₹2.60 | annually | 2017-07-29 |
2016-07-12 | ₹4.00 | annually | 2016-07-27 |
2016-03-21 | ₹10.00 | annually | 2016-04-13 |
2015-07-10 | ₹13.00 | annually | 2015-08-21 |
2014-07-03 | ₹13.00 | annually | 2014-08-22 |
2013-07-11 | ₹14.00 | annually | 2013-08-18 |
2012-07-19 | ₹14.00 | annually | 2012-08-29 |
Karur Vysya Bank Dividend per year
Karur Vysya Bank Dividend growth
Karur Vysya Bank Dividend Yield
Karur Vysya Bank current trailing twelve-month (TTM) dividend yield is 1.08%. Interested in purchasing Karur Vysya Bank stock? Use our calculator to estimate your expected dividend yield:
Karur Vysya Bank Financial Ratios
Karur Vysya Bank Dividend FAQ
Other factors to consider when evaluating Karur Vysya 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: Karur Vysya 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, Karur Vysya 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, Karur Vysya 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 Karur Vysya 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: Karur Vysya 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, Karur Vysya 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: Karur Vysya 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 Karur Vysya 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 Karur Vysya 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.