Canara Bank Dividends and Buybacks
Dividend criteria checks 5/6
Canara Bank is a dividend paying company with a current yield of 3.17% that is well covered by earnings.
Key information
3.2%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 4.5% |
| Dividend Growth | -0.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹3.220 |
| Payout ratio | 18% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 532483's dividend payments have been volatile in the past 10 years.
Growing Dividend: 532483's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Canara Bank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (532483) | 3.2% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.1% |
| Industry Average (Banks) | 1.2% |
| Analyst forecast (532483) (up to 3 years) | 4.5% |
Notable Dividend: 532483's dividend (3.17%) is higher than the bottom 25% of dividend payers in the Indian market (0.25%).
High Dividend: 532483's dividend (3.17%) is in the top 25% of dividend payers in the Indian market (1.13%)
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (18.3%), 532483's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 532483's dividends in 3 years are forecast to be well covered by earnings (21.2% payout ratio).