HDFC Bank Dividend 2024 Announcement, HDFC Bank Share Price Target, HDFC Bank Share Price Today News: HDFC Bank is set to reward the shareholders with a dividend on the equity shares of the Bank for the financial year ended March 31, 2024.
Read More: TAC Infosec Limited IPO: All you need to know
The board of India’s largest private sector lender is set to meet in April to recommend the dividend proposal for shareholders, the company said in its latest regulatory filing. The Mumbai-headquartered company had last paid a final dividend of Rs 19 to its shareholders in May 2023, as the per data available on the Bombay Stock Exchange (BSE). Now, the banking sector heavyweight is again set to reward shareholders with a dividend.
HDFC Bank Dividend 2024 News
The company with a market valuation of a whopping Rs 10,87,152.91 crore, in a statement said that the meeting of the board of directors of HDFC Bank will be held to consider a proposal for recommendation of dividend on the equity shares of the Bank for the financial year ended March 31, 2024.
HDFC Bank Dividend 2024 Announcement: Date of Board Meeting
The meeting of the Board of Directors of HDFC Bank Limited will be held on Saturday, April 20, 2024 to consider the financial results for the year ended March 31, 2024 and the dividend announcement.
HDFC Bank Dividend Yield
The company has had a dividend yield of 1.33 per cent in the last 12 months, at the current levels.
Read More: Krystal Integrated Services has better-than-expected debut, lists at 11% premium
HDFC Bank Dividend History
| Ex-Date | Amount (Rs) |
| 16 May 2023 | Rs 19 |
| 12 May 2023 | Rs 15.50 |
| 29 June 2021 | Rs 6.50 |
| 1 Aug 2019 | Rs 5 |
| 20 June 2019 | Rs 15 |
HDFC Bank Share Price Target 2024
The analysts at the brokerage in Nomura have ‘Neutral’ rating on the HDFC Bank, recommending a share price target of Rs 1625 apiece.
Read More: Stock Market Updates: Sensex Jumps 550 Points, Nifty Above 22,000; SAIL Up 5%
Global broking firm Bernstein has a ‘Outperform’ rating on the company recommending a target price of Rs 2100. The stock has sharply corrected on Year to Date (YTD) rate of about 16 per cent.
