Stocks that pay dividends: today PNB, Union Bank change ex-dividend. Details here | Popgen Tech

PNB informed the Indian exchanges about the dividend payment and mentioned, “The Board of Directors has also recommended a Dividend of Re. 0.64 per equity share (i.e. 32%) of nominal value of 2/- each to the Bank’s Shareholders for the year 2021-22, subject to approval at the subsequent Annual General Meeting of the Bank.” Later, PNB informed the Indian stock exchanges that the record date for finalizing the shareholders eligible for payment of dividends has been fixed on 23 June 2022.

How is PNB’s share price today ₹29.85 per share and dividend announced is ₹0.64 per equity share, PNB’s current dividend yield is around 2.15 percent.

Similarly, Union Bank of India informed the Indian stock exchanges about the dividend payment recommendation and mentioned, “This is to inform that the Board of Directors of the Bank in its meeting here today ie, the -26 May 2022 gave approval to call the 20th Annual General Meeting (AGM) of the Bank’s shareholders through Video Conferencing (VC) or Other Audio Visual Means (OAVM) on Thursday, 30 ‘ June 2022 at 11.00 am l5T at the Central Office, Mumbai (regarded place) to declare a Dividend of ₹l.90 per Equity Share for the Financial Year 2021-22.” The record date for payment of dividends has been fixed on 23 June 2022.

How is the Union Bank share price today ₹36 per share and the announced dividend of ₹1.90 per equity share, Union Bank’s current dividend yield is 5.27 percent.

In Q4FY22 results, PNB reported a 66 percent drop in its standalone net profit, which stood at ₹202 crores. The state-owned bank said the decline in net profit was due to higher provisioning, even as NPA levels declined. In Q4FY21, PNB had posted a net profit of ₹586 crores. However, for FY22, PNB reported a net profit of ₹3,456.96 crore which was on ₹2,021.62 crore in FY21.

While announcing its Q4FY22 results, Union Bank of India reported an 8.3 percent year-on-year (YoY) rise in net profit. The state-owned bank reported that net profit increased due to strong growth in net interest income.