These 3 Major Public Sector Banks Soon To Pay Final Dividend, Turning Ex-Dividend Next Week

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Nest Week, starting Monday, 20 June 2022, 3 major public sector banks declared final dividends are turning ex-dividend. These major banks are Punjab National Bank, Union Bank of India, and Bank of Maharashtra.

Punjab National Bank

Punjab National Bank (PNB) is the second largest Public Sector Bank (PSB) in the country. Punjab National Bank has a good track record of dividend payout. It has declared 19 dividends since May 2003.

Punjab National Bank Dividends

PNB declared dividend payout in its Board meeting held on 11 May 2022. As per the company's filing to BSE, "The Board of Directors has also recommended Dividend of Re. 0.64 per equity share (i.e. 32%) of face value of 2/- each to the Shareholders of the Bank for the year 2021-22, subject to the approval at the ensuing Annual General Meeting of the Bank."

Final Dividend- For year ending March 2022, the declared finale final dividend of 32% i.e Rs 0.64 per share.

Ex-Dividend Date - The Final Dividend to turn Ex-Dividend on 22 June 2022.

Stock Details
Current Market Price	Rs 29.05
52 Week Low	Rs 28.45
52 Week High	Rs 48.20
Market Cap	Rs 31,987

 

 

Union Bank of India

Union Bank of India is one of the leading public sector banks in the country. The Bank is a listed entity and the Government of India holds the majority of the Bank's total share capital.

Union Bank of India Dividends

Union Bank of India has a good track record of dividend payout and has maintained a constant dividend payout for the last 5 years. It has declared 19 dividends since March 2003. 

Union Bank of India declared dividend payout in its Board meeting held on 13 May 2022. As per the company's filing to BSE, "The Board has recommended a Dividend of Rs. 1.90 per Equity Share of Rs. 10 each for Financial Year 2021-72. The payment of Dividend is subject to obtaining the necessary statutory approvats and the approvat of the sharehotders of the Bank at the ensuing 20th Annual General Meeting (AGM) and accordingty the date of AGM, the Book Closure for the purpose AGM and the Dividend for the Financial Year 2021-22 will be intimated in due course."

Final Dividend - For year ending March 2022, the declared finale final dividend of 19% i.e Rs 1.19 per share.

Ex-Dividend Date - The Final Dividend to turn Ex-Dividend on 22 June 2022.

Stock Details
Current Market Price	Rs 35.70
52 Week Low	Rs 32.70
52 Week High	Rs 54.80
Market Cap	Rs 24,400

Bank of Maharashtra

Bank of Maharashtra is a public sector bank (PSB) in Maharashtra, which offers personal banking, cash management, retail loans and other financial services. Today the bank has the largest network of 1,375 branches than any other public sector bank in Maharashtra. It has a network of 345 ATMs. Their services bank offers include deposits, vehicle loans, personal loans, savings/current bank accounts, global banking, retail trade finance, lending to priority sector and small scale sector, foreign exchange and export finance, corporate loans and equipment loans.

Bank of Maharashtra Dividends

Bank of Maharashtra has a good track record of dividend payout as it declared 13 dividends since May 2004.

Bank of Maharashtra declared dividend payout in its Board meeting held on 25 May 2022.As per the company's filing to BSE, "Recommended Dividend of Rs 0.50 per equity share (i.e. 5%) of face value of Rs 10/- each to the Shareholders for the Financial Year 2021-22, subject to Shareholder's approval in ensuing Annual General Meeting of Bank."

Final Dividend- The company for the year ending March 2022 has declared an equity dividend of 5% i.e Rs 0.5 per share.

Ex-Dividend Date - The Final Dividend to turn Ex-Dividend on 20 June 2022.

Stock Details
Current Market Price	Rs 15.65
52 Week Low	Rs 15
52 Week High	Rs 27.70
Market Cap	Rs 10,533

Disclaimer

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