HDFC Bank Dividend: Last Day To Buy Shares To Qualify — Details Here

Shares of HDFC Bank Ltd. will be of interest on Thursday as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.

The record date determines shareholders eligible to receive dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.

HDFC Bank's board announced a dividend of Rs 22 per share for financial year 2025. This is the highest dividend issued by the bank since its listing in 2001. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 27.

The total value of the dividend to be disbursed amounts to around Rs 16,834 crore.

Given India's T+1 settlement cycle, shares purchased on the record date (June 27 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 26 will be the beneficiaries.

In comparison, the company had given a final dividend of Rs 19.50 in May 2024 and Rs 19 in May 2023.

A fall in other income and some rise in expenses led HDFC Bank to report a fall in operating profit by over 9% on the year to Rs 26,537 crore for the quarter ended March.

During January-March, the bank's other income fell by 34% on the year to Rs 12,027 crore and expenses rose by over 4% to Rs 60,364 crore.

However, lower provisions and an improvement in asset quality helped the private sector bank report nearly a 7% year-on-year rise in net profit at Rs 17,616 crore. The bank's bottom line also surpassed the consensus estimate of Rs 16,908 crore projected by analysts surveyed by Bloomberg.

Provisions and contingencies at the bank plunged 76% year over year to Rs 3,193.05 crore.

The bank's net interest income rose 10% on the year to Rs 32,066 crore.