City Union Bank Ltd Dividend 2024 : Should City Union Bank Ltd be a part of your dividend portfolio?
City Union Bank Ltd is one of the most popular Financial Services company in the world with a market capitalisation of ₹12,628.46Cr. Its share price is ₹170.57 as on 21 November,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, City Union Bank Ltd gave ₹2.50 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Financial Services stocks do not always pay a dividend but as City Union Bank Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2024, City Union Bank Ltd has declared dividend of ₹1.50 - translating a dividend yield of 1.47%.
Let's look at City Union Bank Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- City Union Bank Ltd’s revenue were ₹1,660.27Cr in the quarter ending September 2024. The revenue grew by 11.72% year on year basis since last quarter.
- City Union Bank Ltd’s profits were ₹285.18Cr in the quarter ending September 2024. The profits grew by 1.63% year on year basis since last quarter.
- City Union Bank Ltd’s dividend was ₹1.50 in the quarter ending March 2024.
City Union Bank Ltd Dividend related ratios:
- Last dividend date: 20/05/2024
- Current Dividend Yield: 1.47%
- Annual dividend payment: ₹2.50