Five banking and finance stocks nearing their dividend record date; check details

Banking and financial names are in focus after strong Q4 results, the NIFTY bank has gained nearly 10% after the Q4 results annoucnements by major banking names. Similarly, NIFTY financial services index too has gained 8% in the similar period. Key banking and financial services names from the private and public sector are also in focus owing to their upcoming corporate actions like dividends.

The top five banking and financial services companies to trade ex-dividend this month

HDFC Bank

HDFC Bank shares will trade ex-dividend on 27th June for the worth of ₹22 per share. The bank’s total dividend currently stands at 1.14%. In FY25, the company’s net profit grew by 12.3% YoY to ₹73,440 crore.

HDFC Life Insurance Company

Shares of the leading life insurance company are trading 2.2% higher on Monday at ₹769 apiece on the NSE. The company will trade ex-dividend on 20th June for the worth of ₹2.1 per share. The company’s dividend yield currently stands at 0.28%.

Bajaj Finserv

Shares of Bajaj Finserv traded 1.03% higher on Monday at ₹2029 apiece on the NSE. The shares will trade ex-dividend on 27th June for the worth of ₹1 per share. The current dividend yield for the NBFC stood at 0.05%.

Punjab National Bank

PNB’s share price traded slightly positive at ₹107 apiece on the NSE at 3:00 pm on Monday. The shares will trade ex-dividend on 20th June for ₹2.9 per share. The current dividend yield stood at 2.75%.

Bank of India

Bank of India shares will trade ex-dividend on 20th June for ₹4 per share. The bank’s current dividend yield stood at 3.41%.