HDFC Bank dividend record date 2024, ex-date: Rs 19.5 payout per share

hdfc bank dividend record date 2024, ex-date: rs 19.5 payout per share

HDFC Bank Dividend Stock 2024: HDFC Bank, the country’s largest private sector bank has announced a whopping 1950 per cent dividend payment on each stock for the ongoing fiscal year. A dividend is a company’s reward to its investors for their investment in the business. It is paid in cash from earnings.

HDFC Bank Dividend 2024 Amount

A dividend is always calculated and paid on the face value of each stock. Accordingly, a 1950 per cent dividend translates into Rs 19.50 per equity share with a face value of Re 1 each for the financial year 2023-24.

“…has recommended a dividend of Rs. 19.50 per equity share of Re. 1/- each fully paid up (i.e. 1950 %) out of the net profits for the year ended March 31, 2024,” the bank said in an exchange filing.

HDFC Bank Dividend 2024 Ex-Date

The company has set May 10 as the ex-date for the dividend.

HDFC Bank Dividend 2024 Record Date

HDFC Bank has May 10 as the record date for determining the eligibility of shareholders’ participation in the next dividend or corporate action.

“The record date for determining the eligibility of members entitled to receive dividend on equity shares is Friday, May 10, 2024,” the bank said in a statement.

HDFC Bank Dividend 2024 Payment Date

“Dividend, if approved by the shareholders of the Bank, shall be paid after the AGM to those shareholders, whose names appear in the Bank’s Register of Members/ Register of Beneficial Owners maintained by the Depositories viz., National Securities Depository Limited and Central Depository Services (India) Limited as at the close of business hours on Friday, May 10, 2024, 2024,” the bank said in a statement.

HDFC Bank Share Price History

HDFC Bank is a component of S&P BSE SENSEX. According to BSE analytics (as of May 10), shares of HDFC Bank fell 5.53 per cent and 4.13 per cent in the last 1 week and 2 weeks, respectively. On a YTD basis, shares of the private bank down by 14.84 per cent. In the last 1 year, shares have fallen by 11.86 per cent. However, in the past 2 years, 3 years, 5 years and 10 years, shares gained by 9.71 per cent, 2.38 per cent, 26.42 per cent, and 282.54 per cent, respectively.

HDFC Bank Dividend History

Last year, HDFC Bank paid a dividend of Rs 19 in May. In 2019, 2021, and 2022, the private sector bank announced dividends of Rs 5, Rs 6.5 and Rs 15.5, respectively.

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