Punjab & Sind Bank provides various banking and financial products and services in India. It operates through four segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The company offers deposit products, including saving accounts, current accounts, recurring deposit accounts, and fixed deposits; and loans, such as home, auto, skill education, commercial vehicle, personal, doctor, mortgage, business, gold, and other loans, as well as sukhmoney scheme for senior citizens, and SB OD schemes. It also provides non fund based products, including letter of credit, LC advising/confirming, bank guarantee, co-acceptance facility, solvency certificate, and credit report products and services, as well as debt restructuring services. In addition, the company offers locker facility, government schemes, and life and general insurance; digital banking services comprising internet and mobile banking, SMS banking, Aadhaar seeding, point of sale, unified payment interface, real time gross settlement, NEFT, ATM/debit cards, and online payment; international banking services, including NRI schemes, export/import services, forex treasury, and resident facility, as well as products for micro and small enterprises. It operates through 24 zonal offices comprising 1530 branches. Punjab & Sind Bank was incorporated in 1908 and is headquartered in New Delhi, India.
Punjab & Sind Bank Dividend Announcement
• Punjab & Sind Bank announced a annually dividend of ₹0.20 per ordinary share which will be made payable on 2024-08-23. Ex dividend date: 2024-07-16
• Punjab & Sind Bank annual dividend for 2024 was ₹0.20
• Punjab & Sind Bank annual dividend for 2023 was ₹0.48
• Punjab & Sind Bank's trailing twelve-month (TTM) dividend yield is 0.41%
Punjab & Sind Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-16 | ₹0.20 | annually | 2024-08-23 |
2023-07-04 | ₹0.48 | annually | 2023-08-10 |
2022-07-04 | ₹0.31 | annually | 2022-08-11 |
2016-06-20 | ₹1.65 | annually | 2016-07-28 |
2015-06-19 | ₹0.60 | annually | 2015-06-22 |
2014-06-12 | ₹0.60 | annually | 2014-07-11 |
2014-01-27 | ₹1.60 | annually | 2014-02-26 |
2013-06-06 | ₹2.68 | annually | 2013-07-08 |
2012-06-14 | ₹2.00 | annually | 2012-07-06 |
2011-05-31 | ₹2.00 | annually | 2011-06-29 |
Punjab & Sind Bank Dividend per year
Punjab & Sind Bank Dividend growth
Punjab & Sind Bank Dividend Yield
Punjab & Sind Bank current trailing twelve-month (TTM) dividend yield is 0.41%. Interested in purchasing Punjab & Sind Bank stock? Use our calculator to estimate your expected dividend yield:
Punjab & Sind Bank Financial Ratios
Punjab & Sind Bank Dividend FAQ
Other factors to consider when evaluating Punjab & Sind 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: Punjab & Sind 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, Punjab & Sind 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, Punjab & Sind 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 Punjab & Sind 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: Punjab & Sind 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, Punjab & Sind 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: Punjab & Sind 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 Punjab & Sind 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 Punjab & Sind 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.