Punjab National Bank Dividend yield

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

Punjab National Bank stock dividend

Punjab National Bank paid a total dividend of 7,157 million INR last year, for a market value of 693,693 millions (Market Cap 138,739 millions). Punjab National Bank dividend per share is 0.65 INR, and his stock market price 63.00 INR.

According to the chart below, where dividend yield is displayed, Punjab National Bank has a dividend yield of 1.03%, lower than the amount offered by both the market average and companies from India. It is also lower than average of Financials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare Punjab National Bank stocks dividend with other Banks companies or other of the high India dividend stocks list.

Punjab National Bank Dividend Payout

About the ability of Punjab National Bank to maintain his current dividend of INR 0.65 per share, an amount that accounts for 1.03%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Punjab National Bank payout on ernings is currently 21.38%, 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 Punjab National 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 Punjab National Bank is INR 23.33 per share, which is higher than the dividend per share paid by the company of INR 0.65, so the company generates enough cash to maintain his dividend in the future.

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

Punjab National Bank Dividend History

Below you will find a table with the historical evolution of Punjab National 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	1.03%	0.65	21.38%	11,011
2022	1.13%	0.64	18.23%	11,011
2021	0.00%	0.00	0.00%	11,011
2020	0.00%	0.00	0.00%	9,411
2019	0.00%	0.00	0.00%	4,604
2018	0.00%	0.00	0.00%	3,074
2017	0.00%	0.00	0.00%	2,128
2016	2.39%	3.30	-17.68%	1,964
2015	2.28%	3.30	18.01%	1,855

*In millions

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

Punjab National Bank Stock performance

Finally, last moth Punjab National Bank showed a return of 1.90% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a 75.70% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for India and Banks firms.