Dividend Paying PSU Bank Stock: Record Date Announced For Upcoming Payout; Buy Punjab & Sind Bank Shares?

With its main office in New Delhi, Punjab & Sind Bank (PSB) is a nationalized Indian bank. The bank has announced the record date for the FY25 final dividend. Here are some reasons why PSB shares could be of interest to traders searching for PSU Bank stock that pays dividends.

Punjab & Sind Bank Dividend

At its meeting held on Tuesday, April 29, 2025, the bank's Board of Directors recommended a final dividend of 0.70%, or Rs. 0.07 per equity share of Rs. 10 each, for FY 2024-2025. This recommendation is contingent on shareholder approval at the bank's subsequent Annual General Meeting (AGM).

Punjab & Sind Bank Dividend Record Date

"Further to our letter dated 07.07.2025, wherein it was informed that the 15th Annual General Meeting of the shareholders of the Bank will be held on Tuesday, 5th August, 2025 through Video Conferencing (VC) / Other Audio-Visual Means (OAVM), it is now informed that the Record date for the purpose of Final Dividend for the FY 2024-25 will Tuesday, 29 July, 2025 and the Book Closure period for the purpose of Dividend and the Annual General Meeting will be from Wednesday, 30 July, 2025 to Tuesday, 5 August, 2025 (both days inclusive)," said Punjab & Sind Bank in a stock exchange filing on Monday.

Punjab & Sind Bank Q1FY26 Business Update

The provisional business data for the quarter that concluded on June 30, 2025, have been made public by Punjab & Sind Bank. According to the filing, the bank's total business grew by a robust 10.94% year on year, reaching Rs 2,31,129 crore from Rs 2,08,331 crore in the same quarter the previous year. At Rs 1,31,183 crore, total deposits represented an 8.78% growth over Rs 1,20,593 crore the year before. Interestingly, total advances increased by 13.91% to Rs 99,946 crore from Rs 87,738 crore in the same period last year. Better credit deployment was also indicated by the bank's Credit-to-Deposit (CD) ratio, which increased from 72.76% in June 2024 to 76.19%.

Punjab & Sind Bank Share Price Target

"Punjab & Sind Bank is trading in a tight range, with key support at ₹30 and resistance around ₹34. A breakout above ₹34 could push it toward ₹36-₹37. The trend is stable, but low volumes suggest cautious participation. A move below ₹30 would turn the trend weak in the short term," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.