Dividend Paying Stocks: HDFC Bank declared dividend on Saturday 15.50 per equity share, which is the highest in the last 11 years. The private lender informed Indian exchanges about the recommendation of its board of directors at the Annual General Meeting (AGM) held on Saturday, April 23, 2022. The record date for finalization of eligible shareholders for dividend payment has been fixed as May 13, 2022.
HDFC bank informed about the proposal for payment of dividend in exchange communication Quoting “In accordance with Regulations 30, 42 and other applicable provisions of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended from time to time (“Regulations”), we are pleased to inform that The Board of Directors, in its meeting held today, has recommended a dividend of Rs.15.50 per equity share. subject to the approval of the shareholders at the ensuing Annual General Meeting (“AGM”).”
“The record date for determining the eligibility of members entitled to receive dividend on equity shares is Friday, May 13, 2022. The dividend, if approved by the shareholders of the Bank, shall be paid after the AGM to the shareholders in whose name HDFC Bank at the close of business on Friday, the 13th May, 2022 has maintained the Register of Members / Register of Beneficiary Owners maintained by the depositories i.e. National Securities Depository Limited and Central Depository Services (India) Limited.
In June 2011, HDFC Bank had declared a dividend of 16.50 per equity share, which is the second highest ever dividend announced by the private lender since April 20, 2001.