Canara Bank Dividend - Payout, Yield & Future Updates
Canara Bank
NSE: CANBK
Dividend Payout (Final)
Canara Bank Dividend - History
- Canara Bank dividend yield is 2.63.
- Canara Bank has declared 6 dividends since 2015.
- In the past 12 months, Canara Bank has given a dividend of ₹4.00 per share.
- The Latest Trading Price of Canara Bank is ₹ 153.5 as of 20 Feb 13:13.
Historical Dividend Payouts of Canara Bank
| Fiscal Year | Type Of Dividend | Dividend Payout (₹) | Record date | Ex Dividend Date |
|---|
2024-25 | Final | 4 | 13-Jun-25 | 13-Jun-25 |
2023-24 | Final | 3 | 17-Jun-24 | 14-Jun-24 |
2022-23 | Final | 12 | 14-Jun-23 | 14-Jun-23 |
2021-22 | Final | 7 | 16-Jun-22 | 15-Jun-22 |
2016-17 | Final | 1 | - | 12-Jul-17 |
2014-15 | Final | 11 | - | 25-Jun-15 |
| Fiscal Year |  Dividend Payout (₹) |
|---|---|
| 2024-25 | 4 |
| 2023-24 | 3 |
| 2022-23 | 12 |
| 2021-22 | 7 |
| 2016-17 | 1 |
| 2014-15 | 11 |
Overview of Dividend
Types of Dividend
Special Dividend
A dividend is paid on common stock when a company has accumulated substantial profits over years, often seen as excess cash that doesn't need immediate use.
Preferred Dividend
A quarterly dividend is paid to preferred stock owners, typically accumulating a fixed amount, and is earned on shares that function more like bonds.
Interim Dividend
Companies declare interim dividends before final full-year accounts are prepared, specifically in India, during the financial year from April to March of the following year.
Final Dividend
A final dividend is issued after the year's accounts have been compiled. Aside from this, the following list highlights the most prevalent sorts of dividends:
Dividend Yield Comparison With Top Peers
NSE: CANBK
Company Fundamentals for Canara Bank
Dividend Payout Over Time
Net Profit Vs Dividend Per Share
SWOT Analysis Of Canara Bank
BlinkX Score for Canara Bank
Historical Market Cap of Canara Bank
Market Cap or market capitalisation refers to metrics that are used to measure a company's size. It is defined as the total market value of a company's outstanding shares of stock. Formula of Market Cap: Market Capital = N * P Here, N for the outstanding shares P refers to the closing price of the company's shares. Types of Companies based on Market Cap: - Small-Cap stocks: Up to 500 Crore - Mid-Cap Stocks: From Rs.500 crore up to Rs.7,000 crore - Large-Cap Stocks: From Rs.7,000 crore up to Rs.20,000 crore
Historical Market Cap of Canara Bank
Market Cap
Historical Revenue, EBITDA and Net Profit of Canara Bank
Revenue term means the amount of money a company earns from its primary business activities such as the sales of its products & services.\r\r\n\r\r\nTypes of Revenue:\r\r\n\r\r\n1. Operating revenue: It refers to the income generated from the core business activities, which are sales of goods or services rendered.\r\r\n\r\r\n2. Non-Operating revenue: It is the income generated from secondary sources unrelated to the primary business. Examples include rents, dividends, interest, and royalty fees.\r\r\n\r\r\nFormula for Revenue:\r\r\n\r\r\nThe formula for calculating revenue is based on two goods & services:\r\r\n\r\r\nFor goods:\r\r\nRevenue = Avg unit price x Number of Units sold\r\r\n\r\r\nFor services:\r\r\nRevenue = Avg unit price x Number of Customers served.PBIDT stands for Profit Before Interest, Depreciation, and Taxes. It is a financial metric that measures a company's profitability before accounting for interest expenses, depreciation of assets, and taxes. Formula to calculate PBIDT: PBIDT = Net Income + Interest + Depreciation + Taxes or PBIDT = Operating Income + Depreciation + Taxes PBIDT vs EBITDA vs EBIT vs EBT: Here is a brief explanation of the differences: - PBIDT (Profit Before Interest, Depreciation, and Taxes) includes taxes in its calculation, unlike EBITDA. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) excludes taxes and interest, focusing on operational performance. - EBIT (Earnings Before Interest and Taxes) excludes interest and taxes, providing a measure of core operational profitability. - EBT (Earnings Before Taxes) includes all operating income but does not account for interest expenses. Conclusion: PBIDT, similar to EBITDA, is a measure of operational profitability but includes taxes in its calculation.Net profit is the amount of money a company retains after accounting for all expenses, depreciation, interest, taxes, and other deductions.\r\r\n\r\r\nNet Profit formula is expressed as:\r\r\n\r\r\nNet Profit = Total Revenue - Total Expense\r\r\n\r\r\nNet Profit Margin Ratio:\r\r\n\r\r\nNet Profit Margin Ratio = Net Profit / Total Revenue
Historical Revenue, EBITDA and Net Profit of Canara Bank
Revenue
EBITDA
Net Profit
Canara Bank News Hub
Canara Bank rises for third consecutive session
Canara Bank gained for a third straight session today. The stock is quoting at Rs 111.44, up 1.4% on
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20 Aug 24
Canara Bank receives affirmation in credit ratings from India Ratings and Research
India Ratings and Research (Ind-Ra) has affirmed Canara Bank's Long-Term Issuer Rating at 'IND AAA'.
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16 Aug 24
Canara Bank revises MCLRs
Canara Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) by 5 bps across tenors
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09 Aug 24
Canara Bank announces change in management
Canara Bank has appointed Prabhat Kiran, General Manager as Functional Head of Large Corporate Credi
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01 Aug 24
About Canara Bank
Canara Bank Ltd Dividend Overview
- Canara Bank is a state-owned commercial bank with headquarters in Bangalore.
- The Bank provides a range of products and services to the customers.
- Across the borders, the Bank has 8 branches, one each at London, Leicester, Hong Kong, Shanghai, Manama, Johannesburg, New York and DIFC (Dubai) & a Representative Office at Sharjah, UAE. Canara Bank was incorporated on July 1, 1906 with the name Canara Hindu Permanent Fund Ltd. In the year 1910, the name of the Bank was changed from Canara Hindu Permanent Fund Ltd to Canara Bank Ltd. In July 19, 1969, the Bank was nationalised along with 14 major banks in the country.
- In the year 1976, they inaugurated their 1000th branch. In the year 1983, the Bank inaugurated an overseas branch at London.
- In the year 1984, Laksmi Commercial Bank Ltd was amalgamated with the Bank.
Canara Bank Ltd Dividend Payout Ratio
The dividend payout ratio is defined as the portion of a company’s net earnings distributed to its owners as dividends, with the rest utilised for the business. The dividend payout ratio is very crucial for banks because the rest of the earnings are used to ensure capital adequacy ratios are attained.
The Canara Bank dividend yield payout ratio gives an insight into the management of rewarding its shareholders through improving its capital base. A modest level of the payout ratio is apparently indicative of the focus of the bank on its financial strength and sustainable growth, while the higher ratio is indicative of greater confidence in its earnings and available surplus capital.
Canara Bank Ltd Dividend Growth and Sustainability
The dividend information is helpful. Here are ways in which investors can make use of the Canara Bank dividend history information in an efficient and easy manner:
- Earnings Sustainability: A stable and improving earnings trend provides a foundation to support dividends in the case of Canara Bank. Dividends are normally linked to earnings performance rather than stock market performance.
- Asset Quality Trends: Quality management on non-performing assets helps improve cash flow visibility, thus facilitating discipline in dividend payments.
- Interest Income Stability: This ensures that interest income generated from banking activities supports the payment of dividends without disrupting banking activities.
- Capital Adequacy Ratio: Adequate capital base and conservative provisioning measures ensure that the dividend payments do not unfavorably impact the bank’s balance sheet and capital adequacy ratio.
- Public Sector Approach: The dividend growth trend for a PSU bank tends to follow cycles of improvement in earning performances rather than steep growth.
Thus, Canara Bank share dividend history portrays a conservative yet sustainable approach towards generating dividends in the long run instead of emphasising returns in a shorter period.
How to Use Dividend Data for Investment Analysis?
Dividend information is powerful when analysed in conjunction with other financial metrics. Investors looking at the dividend history of Canara Bank can carry out a balanced analysis by using the following measures:
- Check out Full Dividend Track Record: Consistency for several years may be more important than one-time payouts.
- Analyse Trends in the Payout Ratio: A stable ratio reflects disciplined capital allocation.
- Compare Dividends to Earnings Growth: The growth in dividends is more dependable when earnings are improving constantly.
- Assess Valuation Metrics: Ratios such as P/E, P/B, and ROE provide context beyond dividend yield alone.
- Link Dividends to Balance Sheet Strength: Strong capital and controlled NPAs support sustainable payouts.
Practical implications of the dividend data highlight income stability, while the earnings and valuation of metrics are used for assessing future growth potential. Together, they give a better view of the shareholder return profile of Canara Bank.
FAQs for Dividends of Canara Bank
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