HDFC Bank Dividend 2024 Announcement: Board Fixes Date! Check HDFC Bank History, Yield and Share Price Target
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. 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.
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. 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.
HDFC Bank Share Price History
The counter is down nearly 14 per cent in the last 90 days, as per data available on the BSE. In the last five years, it moved higher by 24.49 per cent.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
