Canara Bank Dividend yield

Canara Bank is part of Banks business, which is part of Financials industry. Canara Bank is a company from India, and his stocks are publicly traded.

Canara Bank stock dividend

Canara Bank paid a total dividend of 21,804 million INR last year, for a market value of 581,206 millions (Market Cap 116,249 millions). Canara Bank dividend per share is 12.02 INR, and his stock market price 320.40 INR.

According to the chart below, where dividend yield is displayed, Canara Bank has a dividend yield of 3.75%, which is similar to the amount offered by both the market average and companies from India. However, it is lower than the average of Financials industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare Canara Bank stocks dividend with other Banks companies or other of the best India dividend stocks list.

Canara Bank Dividend Payout

About the ability of Canara Bank to maintain his current dividend of INR 12.02 per share, an amount that accounts for 3.75%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Canara Bank payout on ernings is currently 19.51%, which is lower than the market average and companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures lead us to believe that there is confidence that Canara Bankcan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Canara Bank is INR 200.25 per share, which is higher than the dividend per share paid by the company of INR 12.02, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Canara Bank, compared againt world market average, India companies, Financials industry and Banks sector companies.

Canara Bank Dividend History

Below you will find a table with the historical evolution of Canara Bank's dividend stock, both in percentage and in INR, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	INR	Paypout	Shares*
Present	3.75%	12.02	19.51%	1,814
2022	1.95%	6.50	19.31%	1,814
2021	0.00%	0.00	0.00%	1,814
2020	0.00%	0.00	0.00%	1,454
2019	0.00%	0.00	0.00%	753
2018	0.36%	0.99	-1.84%	733
2017	0.28%	1.01	4.43%	597
2016	3.30%	10.51	-21.79%	543
2015	3.86%	10.51	18.92%	515

*In millions

Then you can see the evolution of Canara Bank dividend stock, and compare it with the average of India stocks and that of the Banks stocks.

Canara Bank Stock performance

Finally, last moth Canara Bank showed a return of -7.00% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a 32.90% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for India and Banks firms.