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

Key banking and financial services names like HDFC Bank, HDFC Life, Punjab National Bank, Bank of India, and Bajaj Finserv will trade ex-dividend in coming days. Shares of Honeywell Automation, LKP Securities, and Tata Technologies traded ex-dividend today. 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 | Name | Market cap. | Ex-date | Dividend | |----------------------|------------------|---------|----------| | HDFC Bank | ₹14.8 lakh crore | 27 June | ₹22 | | HDFC Life | ₹1.6 lakh crore | 20 June | ₹2.1 | | Bajaj Finserv | ₹3.2 lakh crore | 27 June | ₹1 | | Punjab National Bank | ₹1.2 lakh crore | 20 June | ₹2.9 | | Bank of India | ₹55,269 crore | 20 June | ₹4.05 | 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%. Disclaimer:This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.