PNB Gilts Ltd. operates as a primary dealer in government securities in India. The company is involved in underwriting government securities issuances; and trading of fixed income instruments, such as government securities, treasury bills, state development loans, corporate bonds, and interest rate swaps, as well as various money market instruments, including certificates of deposits, commercial papers, etc.; and provision of custodian services to its constituents. It also provides gilts accounts and mutual funds, and bonds issued by public sector undertakings and other corporate bodies. In addition, the company trades in short term money market instruments comprising call/notice/term money, repo/reverse repo, inter corporate deposits, and commercial papers. It serves provident funds trusts, regional rural banks, co-operative banks, corporates, individuals, etc. The company was incorporated in 1996 and is based in New Delhi, India. PNB Gilts Ltd. is a subsidiary of Punjab National Bank.
PNB Gilts Dividend Announcement
• PNB Gilts announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-10-20. Ex dividend date: 2024-09-13
• PNB Gilts annual dividend for 2024 was ₹1.00
• PNB Gilts's trailing twelve-month (TTM) dividend yield is 0.84%
PNB Gilts Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-13 | ₹1.00 | annually | 2024-10-20 |
2022-08-25 | ₹5.00 | annually | 2022-10-02 |
2021-09-02 | ₹3.00 | annually | 2021-10-20 |
2021-02-11 | ₹4.00 | annually | 2021-03-06 |
2020-11-18 | ₹3.00 | annually | 2020-12-10 |
2020-09-03 | ₹3.00 | annually | 2020-10-30 |
2019-08-14 | ₹1.40 | annually | 2019-09-27 |
2018-09-06 | ₹1.00 | annually | 2018-10-12 |
2017-09-07 | ₹2.50 | annually | 2017-10-13 |
2016-09-08 | ₹1.10 | annually | |
2015-09-10 | ₹1.50 | annually | 2015-10-14 |
2014-08-21 | ₹0.90 | annually | 2014-09-23 |
2013-05-23 | ₹1.00 | annually | 2013-07-18 |
2012-07-19 | ₹1.00 | annually | 2012-08-27 |
PNB Gilts Dividend per year
PNB Gilts Dividend growth
PNB Gilts Dividend Yield
PNB Gilts current trailing twelve-month (TTM) dividend yield is 0.84%. Interested in purchasing PNB Gilts stock? Use our calculator to estimate your expected dividend yield:
PNB Gilts Financial Ratios
PNB Gilts Dividend FAQ
Other factors to consider when evaluating PNB Gilts 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: PNB Gilts'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, PNB Gilts 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, PNB Gilts 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 PNB Gilts 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: PNB Gilts 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, PNB Gilts distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: PNB Gilts 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 PNB Gilts'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 PNB Gilts'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.