Union Bank of India Dividends and Buybacks
Dividend criteria checks 4/6
Union Bank of India is a dividend paying company with a current yield of 3.12% that is well covered by earnings.
Key information
3.1%
Dividend yield
-3.4%
Buyback Yield
| Total Shareholder Yield | -0.3% |
| Future Dividend Yield | 4.0% |
| Dividend Growth | 0.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹3.600 |
| Payout ratio | 19% |
Recent dividend and buyback updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: UNIONBANK's dividend payments have been volatile in the past 10 years.
Growing Dividend: UNIONBANK's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Union Bank of India Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (UNIONBANK) | 3.1% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.1% |
| Industry Average (Banks) | 1.2% |
| Analyst forecast (UNIONBANK) (up to 3 years) | 4.0% |
Notable Dividend: UNIONBANK's dividend (3.12%) is higher than the bottom 25% of dividend payers in the Indian market (0.25%).
High Dividend: UNIONBANK's dividend (3.12%) is in the top 25% of dividend payers in the Indian market (1.14%)
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (18.8%), UNIONBANK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UNIONBANK's dividends in 3 years are forecast to be well covered by earnings (21% payout ratio).