PNB DIVIDEND 2024, Q4 RESULTS: HIGHEST PAYOUT ANNOUNCED IN 9 YEARS - DETAILS

PNB Dividend 2024, PNB Q4 Results: Punjab National Bank or PNB, a state-run bank, has announced a dividend payout in its Q4 results (quarterly results). According to an exchange filing by the bank, the board has recommended a dividend of 75 per cent on each stock. This is the highest dividend announced by PNB in the last 9 years.

A dividend is a cash reward that a company pays to its shareholders for their investment in the business. It is usually paid in cash from earnings.

The current face value of PNB shares is Rs 2. Accordingly, the 75 per cent dividend translates into a dividend payout of Rs 1.75 on each stock.

"Recommended Dividend of Rs 1.50 per equity share (75%) of face value of Rs 2 each for FY 2023-24," PNB said in a filing.

The dividend is, however, subject to approval of the shareholders at the ensuing Annual General Meeting of the Bank.

2024-05-09T08:51:02Z dg43tfdfdgfd