State Bank of India Dividend
Dividend criteria checks 5/6
State Bank of India is a dividend paying company with a current yield of 1.67% that is well covered by earnings. Next payment date is on 5th June, 2024 with an ex-dividend date of 22nd May, 2024.
Key information
1.7%
Dividend yield
18%
Payout ratio
Industry average yield | 1.2% |
Next dividend pay date | 05 Jun 24 |
Ex dividend date | 22 May 24 |
Dividend per share | n/a |
Earnings per share | ₹75.17 |
Dividend yield forecast in 3Y | 2.2% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 500112's dividend payments have been volatile in the past 10 years.
Growing Dividend: 500112's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
State Bank of India Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (500112) | 1.7% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.2% |
Industry Average (Banks) | 1.2% |
Analyst forecast in 3 Years (500112) | 2.2% |
Notable Dividend: 500112's dividend (1.67%) is higher than the bottom 25% of dividend payers in the Indian market (0.27%).
High Dividend: 500112's dividend (1.67%) is in the top 25% of dividend payers in the Indian market (1.2%)
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (18.2%), 500112's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 500112's dividends in 3 years are forecast to be well covered by earnings (20% payout ratio).