HDB Dividend History & Analysis | 2.9% Yield

HDB has a dividend yield of 2.9% and paid 2.97 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 9.80%
Payout FCF 24.7%
Streak Years -
Dividend Rating 58.01%
Ex-Dividend in 29 days: Buy before Jun 17, 2026 to receive the next dividend.
Dividends Cash Amount per Share Yearly This chart shows the yearly cash amount paid as dividends per share.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis) and average yield as orange dashed line.
■ Payout Yield (right) ■ Price (left) ┅┅ Avg Payout Yield

Top Dividend Payers in Diversified Banks

Top 5 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
BAMI 22,791 M 14.11% 88.40%
ISP 115,508 M 6.94% 34.19%
GGAL 6,912 M 5.23% 35.95%
BMA 4,778 M 5.37% 32.30%
NWG 60,784 M 6.27% 21.47%
Top 5 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
BMPS 33,103 M 244.00% 34.6%
BAP 26,008 M 99.19% 83.3%
BAMI 22,791 M 105.02% 49.1%
CABK 88,915 M 102.90% 83.2%
UNI 8,121 M 83.45% 78.3%
Quality Dividend Peers in Diversified Banks BAP Credicorp
5.69% Yield BBVA Banco Bilbao Viscaya
4.90% Yield CABK Caixabank
4.15% Yield ING ING
5.44% Yield NTB Bank of N.T. Butterfield
5.18% Yield SMFG Sumitomo Mitsui Financial
1.64% Yield
HDB Dividend History: Last 33 Payments (USD) as of May 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-06-18 2026-06-18 Annual 0.4188 +18.6% N/A
2026-06-17 2026-06-18 0.3531 -53% N/A
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 a major financial institution headquartered in Mumbai, providing a comprehensive range of retail, wholesale, and treasury banking services. Its operations extend across India and into international financial hubs including Dubai, Singapore, and Hong Kong. The bank’s business model relies heavily on a diverse credit portfolio, spanning consumer loans, agricultural finance, and commercial vehicle funding.

What is the Dividend Yield of HDB?

As of May 2026, HDB's dividend yield is 2.90%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 2.97 USD by the current share price of 24.45.

Does HDB pay a dividend?

As of May 2026, HDB paid a dividend of 2.97 USD in the last 12 months. The last dividend was paid on 2026-06-18 and the payout was 0.4188 USD.

How often does HDB pay dividends?

HDB pays dividends quarterly. Over the last 12 months, HDB has issued 5 dividend payments. The last dividend payment was made on 2026-06-18.

HDB dividend forecast

Based on historical data, the forecasted dividends per share for HDB for the next payments are between 0.425 (+1.5%) and 1.051 (+151.0%). This represents a strong dividend growth compared to the last payment. The expected Yield for the next 12 months is about 40.5%.

Will HDB pay dividends in 2026?

The latest dividend paid per share was 0.4188 USD with an Ex-Dividend Date of 2026-06-18. The next Ex-Dividend date for HDFC Bank (HDB) is 2026-06-17.

What is the next Ex-Dividend Date for HDB?

The next Ex-Dividend date for HDFC Bank (HDB) is 2026-06-17.

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 9.80%. If you bought HDB's shares at 30.33 USD five years ago, your current annual dividend income (2.97 USD per share, trailing 12 months) equals 9.80% 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 58.01%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

HDB Outstanding Shares Analysis
The Chart shows the outstanding shares over time per year.

What is the Trend in HDB's Outstanding Shares?

HDFC Bank's outstanding shares have decreased by approximately 38.27% annually over the past 3 years (Trend Reliability: 6.7%). Shareholder-friendly: The company is actively buying back shares, reducing the share count. This increases earnings per share and often leads to higher dividends per share over time, as profits are distributed among fewer shareholders.

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 0%
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%
2026 1,715,669,000 -66.69%

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: 2026-05-15 02:38 UTC