HDB Dividend History & Analysis | 2.9% Yield

HDB has a dividend yield of 2.9% and paid 2.2 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 2.90%

Payout Ratio 68.0%

Growth Rate CAGR 5y 33.60%

Consistency Lifetime 86.0%

Yield on Cost 5y 6.68%

Payout FCF 31.5%

Streak Years -

Dividend Rating 56.32%

Dividends Cash Amount per Share Yearly

Dividend Growth Year over Year

5 Years Chart with Price and Dividend Yield

■ Yield (right) | ■ Price (left) | ┅ Avg Yield

Total Return 12m: -12.1%

Total Return 5y: -19.7%

Top Dividend Payers in Diversified Banks

Top 5 Dividend Yields of Peer-Group

Symbol	Market Cap USD	Dividend Yield TTM	Yield on Cost 5y
BAMI	23,199 M	9.86%	98.2%
CIB	17,113 M	20.1%	41.5%
SAB	17,211 M	7.21%	56.4%
ISP	102,421 M	6.94%	35.5%
BBVA	116,129 M	5.41%	36.9%

Top 5 Dividend Growth Rates of Peer-Group

Symbol	Market Cap USD	Growth Rate	Consistency
BMPS	24,608 M	244%	34.6%
BAP	25,810 M	99.2%	83.3%
BAMI	23,199 M	105%	49.1%
CABK	78,799 M	103%	83.2%
UNI	7,195 M	83.5%	78.3%

Quality Dividend Peers in Diversified Banks

BBVA

Banco Bilbao Vizcaya
4.54% Yield

BBVA

Banco Bilbao Viscaya
5.41% Yield

BAP

Credicorp
5.69% Yield

CABK

Caixabank
5.04% Yield

SMFG

Sumitomo Mitsui
3.26% Yield

NTB

Bank of N.T.
4.26% Yield

HDB Dividend History: Last 31 Payments (USD) as of March 2026

Ex-Dividend Date	Record Date	Payment Date	Period	Dividend per Share	Dividend Growth Rate QoQ	Payout Yield
2025-08-11	2025-06-26	2025-08-20	Annual	0.7513	476.5%	1%
2025-07-31	2025-07-31	2025-08-20	Other	0.1303	-90.1%	0.17%
2025-06-26		2025-08-20		1.32	11.4%	1.72%
2024-08-12	2024-05-09	2024-08-21	Annual	1.1847	-15.5%	1.94%
2024-05-08				1.4017	0.6%	2.5%
2023-08-14	2023-05-15	2023-08-23	Annual	1.3936	17.4%	2.12%
2023-05-12	2023-05-15		Annual	1.1869	2.2%	1.75%
2022-07-19	2022-05-12	2022-07-27	Annual	1.1609	-4.5%	2.04%
2022-05-11				1.2159	364.1%	2.28%
2021-07-20	2021-06-29	2021-08-19	Annual	0.262	-38.9%	0.38%
2021-06-28				0.429	103.7%	0.57%
2019-07-31	2019-08-01	2019-08-23	Other	0.2106	-67.7%	N/A
2019-06-19	2019-06-20	2019-07-25	Annual	0.6522	19.3%	N/A
2018-06-01	2018-06-04	2018-07-11	Annual	0.5466	10.6%	N/A
2017-06-27	2017-06-29	2017-08-03	Annual	0.494	22.5%	N/A
2016-06-27	2016-06-29	2016-08-03	Annual	0.4032	13.6%	N/A
2015-06-30	2015-07-02	2015-07-31	Annual	0.3549	10.5%	N/A
2014-06-26	2014-06-05	2014-07-08	Annual	0.3212	-75.6%	N/A
2014-06-03				1.3184	414.4%	N/A
2013-06-11	2013-06-13	2013-07-10	Annual	0.2563	19.9%	N/A
2012-06-26	2012-06-28	2012-07-27	Annual	0.2138	-80.5%	N/A
2011-05-31	2011-06-02	2011-07-19	Annual	1.0942	46.5%	N/A
2010-06-09	2010-06-11	2010-07-16	Annual	0.7468	24.6%	N/A
2009-06-22	2009-06-24	2009-08-04	Semiannual	0.5994	5%	N/A
2008-04-25	2008-04-29	2008-07-15	Annual	0.5708	14.7%	N/A
2007-05-16	2007-05-18	2007-08-03	Annual	0.4976	38.6%	N/A
2006-05-10	2006-05-13	2006-06-26	Annual	0.359	16%	N/A
2005-05-25	2005-05-27	2005-07-13	Annual	0.3096	32.6%	N/A
2004-05-04	2004-05-06	2004-06-17	Annual	0.2334	21.6%	N/A
2003-04-29	2003-05-01	2003-06-18	Annual	0.192	40.4%	N/A
2002-05-07	2002-05-09	2002-06-11	Other	0.1368	0%	N/A

HDB Dividend FAQ

HDFC Bank Limited is an Indian financial institution offering a broad range of banking and financial services. Its operations span retail banking, wholesale banking, and treasury services, catering to individuals and businesses.

What is the Dividend Yield of HDB?

As of March 2026, HDB`s dividend yield is 2.90%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 2.20 USD by the current share price of 28.71.

Does HDB pay a dividend?

As of March 2026, HDB paid a dividend of 2.20 USD in the last 12 months. The last dividend was paid on 2025-08-11 and the payout was 0.75128 USD.

How often does HDB pay dividends?

HDB pays dividends quarterly. Over the last 12 months, HDB has issued 3 dividend payments. The last dividend payment was made on 2025-08-11.

HDB dividend forecast

Based on historical data, the forecasted dividends per share for HDB for the next payments are between 0.446 (-40.6%) and 1.051 (+39.9%). This suggests the dividend will remain relatively stable.

Will HDB pay dividends in 2026?

The latest dividend paid per share was 0.75128 USD with an Ex-Dividend Date of 2025-08-11. The next Ex-Dividend date for HDFC Bank (HDB) is currently unknown.

What is the next Ex-Dividend Date for HDB?

The next Ex-Dividend date for HDFC Bank (HDB) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of HDB?

HDB's average dividend growth rate over the past 5 years is 33.6% per year.
Strong growth: HDB's Dividend growth is outpacing inflation.

What is the Yield on Cost of HDB?

HDB's 5-Year Yield on Cost is 6.68%. If you bought HDB's shares at 32.94 USD five years ago, your current annual dividend income (2.20 USD per share, trailing 12 months) equals 6.68% of your original purchase price.

What is the Payout Consistency of HDB?

HDB Payout Consistency is 86.0%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Moderately consistent: HDFC Bank has a good track record of consistent dividend payments over its lifetime.

Does HDB have a good Dividend Yield?

HDB`s 2.90% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of HDB?

The Dividend Payout Ratio of HDB is 68.0%. Moderate - Typically an acceptable payout ratio.

What is the Dividend Rating of HDB?

HDB`s Overall Dividend Rating is 56.32%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

HDB Outstanding Shares Analysis

What is the Trend in HDB's Outstanding Shares?

HDFC Bank's outstanding shares have increased by approximately 0.69% annually over the past 3 years (Trend Reliability: 100.0%).

Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

Has HDB ever had a Stock Split?

Yes, the last stock split was on Sep 8, 2025 with a ratio of 2:1.

This was a forward split: Each share became 2 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

Year	Number of Shares	Annual Growth Rate
2001	997,948,900
2002	1,008,102,500	+1.02%
2003	938,445,700	-6.91%
2004	990,363,700	+5.53%
2005	1,052,330,000	+6.26%
2006	1,065,034,300	+1.21%
2007	1,168,026,000	+9.67%
2008	1,419,497,700	+21.53%
2009	1,482,790,000	+4.46%
2010	1,576,565,300	+6.32%
2011	1,562,470,000	-0.89%
2012	1,588,948,700	+1.69%
2013	1,607,960,300	+1.2%
2014	3,302,409,700	+105.38%
2015	3,408,342,700	+3.21%
2016	3,458,217,700	+1.46%
2017	3,497,250,300	+1.13%
2018	3,650,882,300	+4.39%
2019	3,673,693,000	+0.62%
2020	3,700,139,300	+0.72%
2021	3,716,301,700	+0.44%
2022	1,866,302,200	-49.78%
2023	5,079,579,000	+172.17%
2024	5,117,858,000	+0.75%
2025	5,149,930,000	+0.63%

Key Metric Definitions

Dividend Yield: Annual dividend per share divided by current share price.
Payout Ratio: Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF: Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR): Compound annual growth rate of dividends over the last 5 years.
Consistency: Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost: Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak: Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating: Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-03-13 03:37