HDFC Bank Dividend: There is good news for the shareholders of HDFC Bank in the private sector. If you also have shares of HDFC Bank, then money is going to come in your account soon. Yes… the bank has announced dividend to its investors. HDFC Bank on Saturday announced a dividend of Rs 15.50 per share to its shareholders for the financial year 2021-22.
Bank issued statement
HDFC Bank has said in a statement that its board of directors has recommended a dividend of Rs 15.50 on one rupee share out of the net profit for the financial year ended March 31, 2022. This decision is subject to the approval of the shareholders at the ensuing Annual General Meeting.
Decision will be taken on May 13
Let us inform you that the date for determining the eligibility of members entitled to receive dividend on equity shares has been kept as May 13, 2022.
Net profit up 23%
HDFC Bank, the country’s largest private sector lender, reported a 23 per cent jump in net profit at Rs 10,055.20 crore for the March quarter on a standalone basis. Earlier this month the merger of its parent company HDFC Ltd with HDFC Bank was announced.
What is Merger Ratio
Let us tell you that recently HDFC-HDFC Bank has merged recently. Under this merger, HDFC has decided to take 41 percent stake in HDFC Bank through transformational merger. HDFC Bank said this in the information given to the stock exchange.