HDFC Bank Ltd board recommends dividend of Rs. 6.50

The Board of Directors of HDFC Bank Ltd, at its meeting held today, has recommended a dividend of Rs. 6.50 per equity share of face value of Re.1/- each (i.e. 650% on face value) out of the net profits for the year ended March 31, 2021, has been recommended, subject to the approval of the shareholders of the Bank at its ensuing Annual General Meeting (AGM). The record date has been fixed as June 30, 2021 for the purpose of ascertaining the entitlement of the dividend. If approved at the AGM, the expected date for payment of dividend in electronic form and for dispatch of physical dividend warrants would be August 2, 2021 onwards.

Shares of HDFC Bank Ltd was last trading in BSE at Rs.1479.85 as compared to the previous close of Rs. 1465.95. The total number of shares traded during the day was 95186 in over 5941 trades.

The stock hit an intraday high of Rs. 1488 and intraday low of 1455.15. The net turnover during the day was Rs. 139784309.

Source : Equity Bulls

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