Indian Bank announces Final Dividend of Rs12/sh. Stock gave a return of 88% in 1year.
Indian Bank Dividend :
Indian Bank on 6 May,2024 announced a Final dividend of Rs12/sh. that is equivalent to 120% of the Face Value.
The Ex-Date of the Dividend is Friday, 7 June,2024 and the Payment Date is Thursday, 11 July,2024.
Anybody who wants to get the dividend must purchase the shares on/before 6 June,2024 to get themselves resister in the record of the eligible receivers of the dividend.
The persons who bought the shares solely for the purpose of dividend can sell the shares on the ex-date i.e. on 7 June,2024 and still they will be eligible to receive the dividend as their name would have been registered on 6 June,2024.
It is to be noted that on the ex- date , the share price of Indian Bank will fall by the dividend amount i.e it will fall by Rs12 in the opening session to adjust its price to ex-dividend.
So investors are advised to make their decision wisely.
Indian Bank Financials :
Indian Bank is having a market capital of ₹ 70,479.89 Crore. The Stock P/E is 8.43 while it’s Industry P/E is 9.46 . The company has delivered good profit growth of 85.7% CAGR over last 5 years & has been maintaining a healthy dividend payout of 19.3% .
The Current market price of the share is ₹524 ,while the 52 week high & Low are :
| 52 Week High (03-Jun-2024) | ₹632.70 |
| 52 Week Low (13-Jun-2023) | ₹75.35 |
The Quarterly results of the company is : (Amount in Crores)
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Revenue | 12,255 | 13,050 | 13,764 | 14,203 | 14,633 |
| Financing Profit | -683 | 543 | 611 | 661 | 646 |
| Financing Margin % | -6% | 4% | 4% | 5% | 4% |
| Net Profit | 1,520 | 1,850 | 2,069 | 2,207 | 2,296 |
| Net NPA % | 0.90% | 0.70% | 0.60% | 0.53% | 0.43% |
There has been constant growth from the respective previous quarters in Revenue & Net Profits. The NPA (Net Performing Assests) also improved in all the quarters.
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Revenue | 44,985 | 55,650 |
| Financing Profit | -1,309 | 2,967 |
| Financing Margin % | -3% | 5% |
| Net Profit | 5,574 | 8,423 |
| Dividend Payout % | 19% | 19% |
The Annual datas are also showing growth in terms of Revenue by 23.71% , Financing Profit by 326.69% , Net Profit by 51.11% .
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Disclaimer :
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