3 Bank Stocks That Declared Attractive Dividends In Last 2 Days, Do You Own Them?

3 leading bank stocks have declared attractive dividends in last few days for the financial year ended March 31, 2023. These stocks are IDBI Bank, RBL Bank, and Kotak Mahindra Bank. Check details pertaining to these stocks below:

1. IDBI Bank: The baking stock declared of Re 1 per equity share on April 29, 2023. According to the BSE filing of the company, "The Bank would like to inform you that the Board of Directors have recommended a Dividend of Re. 1 (Rupee One only) per Equity Share of face value of Rs. 10 each of the Bank for the financial year ended March 31, 2023, subject to approval of the Shareholders at the ensuing Annual General Meeting of the Bank."

Last trading price of IDBI Bank is Rs 54.62 per share with intraday gain of 0.46% on BSE. The stock's 52-week high price is Rs 62.00 per share and 52-week low price is Rs 30.50 per share, respectively. The bank has a market capitalisation of Rs 58,729.62 crore. The stock gave 26% return in last 1-month, 22% return in last 6-months, 17% return in last 1-year and the highest 150% return in last 3-years.

2. RBL Bank: Last trading price of the private bank is Rs 161.75 apiece with intraday jump of 1.35%. The stock's 52-week high price is Rs 189.20 per share and 52-week low price is Rs 74.15 per share, respectively. Its market capitalisation is Rs 9,698.01 crore. The stock soared 33% in last 1-year, declined 16% in last 2-years, and offered a return of 28% in last 3-years. The shared tumbled 69% in last 5-years.

The board of directors of the company recommended a dividend of Rs 1.50 per equity share of Rs 10/- each fully paid up (i.e. 15 % ) to be payable subject to the approval of the shareholders of the Bank at their ensuing Annual General Meeting ("AGM")."

3. Kotak Mahindra Bank Ltd: The shares of the leading private bank surged 14% in just 1-month span and witnessed yet another rally of 13% in last 3-months. In the last 1-year, Kotak Mahindra shares witnessed a rally of 10%. Market capitalisation of the private bank is Rs 3,84,935.07 crore. Its 52-week high price is Rs 1997.00 per share and 52-week low price is Rs 1630.00 per share, respectively.

The board of directors of the banking stock recommended a dividend of Rs. 1.50 per Equity Share of the face value of Rs. 5/- each, out of the net profits for the financial year ended March 31, 2023, subject to the approval of the Members at the ensuing Annual General Meeting of the Bank.

Disclaimer:The stocks declared dividends in last 3-days. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.