SBI vs PNB vs Union Bank vs Canara Bank: Which is Best Dividend PSU Bank Stock In 2026? Comparison

Canara Bank vs SBI vs PNB vs Union Bank: PSU banks recently announced their fourth-quarter results for the financial year 2025-26. Canara Bank, State Bank of India, Punjab National Bank, and Union Bank of India also declared dividends in FY26, a key factor for investors looking to add PSU bank stocks to their portfolios.

Nifty Bank has declined nearly 6.65% over the past month, with State Bank of India, Punjab National Bank, Canara Bank, and Union Bank of India down nearly 10%. Here's a comparison of these PSU bank stocks' dividend payout, yield, and history.

State Bank of India vs Punjab National Bank vs Canara Bank vs Union Bank: Which Stock Is Paying Higher Dividend?

State Bank of India announced an interim dividend of Rs 17.35 per share for FY 26. Whereas Punjab National Bank announced a total dividend of Rs 3 per share in the period, and Bank of Baroda announced a dividend of Rs 8.5 per share, Canara Bank announced a dividend of Rs 4.2 per share.

SBI Dividend Details

SBI has declared a total of 25 dividends since July 2, 2001. The company has announced an equity dividend of Rs 17.35 per share in one year. At a market price of Rs 950.9 per share, SBI's dividend yield stood at 1.82%, as per Trendlyne data.

State Bank of India reported that standalone net profit for the quarter ended March 2026 rose 6% to Rs 19,684 crore. The improvement came as asset quality strengthened, with fewer bad loans weighing on the balance sheet during the period.

SBI, described as the country's largest lender, had earlier recorded standalone net profit of Rs 18,643 crore in the January-March quarter of the 2024-25 financial year. The latest numbers indicate a steady year-on-year gain, supported by lower credit costs and reduced non-performing assets.

Punjab National Bank Dividend Details

Punjab National Bank has announced a total of 123 dividends since July 2003. In the past 12 months, PNB has announced an equity dividend of Rs 2.9 per share. At the current share price of Rs 103, PNB stock's dividend yield stood at 2.81%.

Punjab National Bank reported a net standalone profit of Rs 5225.11 crore in the fourth quarter of the financial year 2025-26. PNB's board of directors also approved a 150% final dividend for the financial year 2025-26.

Canara Bank Dividend History, Other Details

Canara Bank has announced a total of 22 dividends since July,2003. The PSU bank stock has announced a total of Rs 4 dividend per share. At the market price of Rs 127 per share, Canara Bank's dividend yield is 3.13%.

Canara Bank reported a lower profit for Q4 FY26 even as its full-year earnings increased. The public sector lender posted a net profit of Rs 4,506 crore for the March quarter of FY26, against Rs 5,004 crore recorded in the same quarter of FY25.

Union Bank of India Dividend Details

Union Bank of India has announced a total of 22 dividends. In the last one year, the stock has declared a dividend of Rs 4.75 per share. Its dividend yield stood at 2.94% at a market price of Rs 161.43 per share.