Search
HDFC Bank, HDFC to trade ex-dividend today
May 16, 2023
Shares of HDFC Bank and HDFC will trade ex-dividend on Tuesday, May 16. HDFC Bank has recommended a dividend of ₹19 per equity share of ₹1 each fully paid up (i.e. 1900 %) out of the net profits for the year ended March 2023.
The private lender has fixed a record date of May 16 to determine the eligibility of shareholders.
The dividend, if approved by the shareholders of the bank, will be paid after the AGM to those investors, whose names appear in the Bank’s register of members maintained by the depositories as on May 16.
Shares of companies trade ex-dividend on the day of record date or a day before. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment.
For the fourth quarter, HDFC Bank reported a nearly 20% YoY rise in net profit for the quarter ended
March to ₹12,047 crore. Total income grew 31% on year to ₹53,851 crore.
March to ₹12,047 crore. Total income grew 31% on year to ₹53,851 crore.
Net interest income, which is the difference between interest earned and interest expended, grew by 24% on year to ₹23,352 crore for the quarter ended March.
On Monday, HDFC Bank shares closed 0.55% higher at ₹1,677 on NSE. The stock has risen nearly 3% on a year-to-date basis.
Important Links:
- 4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI): https://ask.careers/courses/4-in-1-professional-diploma-in-banking-financial-services-insurance-pdbfsi/
- Mumbai: https://ask.careers/cities/mumbai/
- TSCFM: https://ask.careers/institutes/tscfm/
