PSU Bank Stock To Turn Ex-Dividend Tomorrow For Rs 5.50 Per Share, Jumps 87% In 1-Year

Leading public sector bank headquartered in Vadodara, Bank of Baroda shares will trade ex-dividend on June 30, 2023. Earlier this year on May 16, board of directors of the public sector bank recommended Rs 5.50 per share dividend. Bank of Baroda shares delivered 87% return in last 1-year. Check details below:

Bank of Baroda Shares To Trade Ex-Dividend: Board of directors of the PSU bank on May 16 declared, "recommended a dividend at Rs. 5.50 (Rupees Five and Fifty Paise only) per equity share (Face Value Rs.2/- each fully paid up) for the FY2022-23 subject to declaration / approval at the ensuing 27th Annual General Meeting." The company fixed June 30, 2023 as the record date.

Bank of Baroda Dividend Yield: If the current market price of Bank of Baroda is taken into consideration, it is offering a dividend yield of 2.89%. The bank also declared Rs 2.85 per share dividend in 2022, Rs 1.20 per share dividend in 2017, and Rs 3.20 per share dividend in 2015. In 2014, the bank declared Rs 10.50 per share dividend. Therefore, the bank declared its highest dividend after nearly 8 years.

Bank of Baroda Stock Performance & Return: Last trading price of Bank of Baroda stock is Rs 190.05 per share with intraday fall of 0.50% as of June 28, 2023. Its 52-week high price is Rs 198.50 apiece and 52-week low price is Rs 95.70 apiece, respectively. Its market capitalisation is Rs 98,281.74 crore. The stock hit its new 52-week high value on June 22, 2023. In last 2-years, Bank of Baroda shares soared 116%, offered 266% return in last 3-years, and 68% return in last 5-years.

Bank of Baroda Q4: Bank of Baroda on May 16 declared 168% year-on-year (YoY) jump in its standalone net profit to Rs 4775 crore for the fourth quarter ended March 2023 as against Rs 1779 crore reported last year in the same quarter. The bank announced its net interest income (NII) for the quarter soared 33.8% to Rs 11,525 crore. It is worth noting that the NII jumped 26.8% YoY for FY23 to Rs 41,355 crore. Meanwhile, the global NIM came at 3.53% for Q4FY23, registering a rise of 45 bps YoY. NIM for FY23 registered at 3.31 % as against 3.03% for FY22. Domestic NIM registered at 3.65% for Q4FY23, up 51 bps YoY. NIM for FY23 registered at 3.42% as against 3.09% announced in FY22.

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