DISCLAIMER
THIS ARTICLE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE FINANCIAL ADVICE. INVESTING IN THE STOCK MARKET INVOLVES RISKS AND READERS ARE ADVISED TO CONDUCT THEIR OWN RESEARCH OR CONSULT WITH A FINANCIAL ADVISOR BEFORE MAKING INVESTMENT DECISIONS.
INTRODUCTION
CANARA BANK, ESTABLISHED IN 1906, IS ONE OF INDIA’S OLDEST AND LARGEST PUBLIC SECTOR BANKS. OVER THE YEARS, IT HAS PLAYED A PIVOTAL ROLE IN THE COUNTRY’S FINANCIAL SECTOR, OFFERING A WIDE RANGE OF BANKING PRODUCTS AND SERVICES.
STOCK HISTORY AND IPO DETAILS
CANARA BANK’S SHARES ARE LISTED ON MAJOR STOCK EXCHANGES IN INDIA, INCLUDING THE BOMBAY STOCK EXCHANGE (BSE) AND THE NATIONAL STOCK EXCHANGE (NSE), UNDER THE TICKER SYMBOL “CANBK”. THE BANK WENT PUBLIC SEVERAL DECADES AGO, ALLOWING INVESTORS TO PARTICIPATE IN ITS GROWTH JOURNEY.
STOCK SPLIT AND BONUS HISTORY
BELOW IS A SUMMARY OF CANARA BANK’S STOCK SPLIT AND BONUS HISTORY:
| DATE | ACTION | OLD FACE VALUE (₹) | NEW FACE VALUE (₹) | RATIO |
| 15 MAY 24 | STOCK SPLIT | 10 | 2 | 1:5 |
THERE IS NO RECENT RECORD OF BONUS SHARE ISSUANCE BY THE BANK.
CANARA BANK DIVIDEND HISTORY SINCE IPO
CANARA BANK, ONE OF INDIA’S PREMIER PUBLIC SECTOR BANKS, HAS A LONG-STANDING HISTORY OF REWARDING ITS SHAREHOLDERS THROUGH CONSISTENT DIVIDEND PAYOUTS. SINCE ITS INITIAL PUBLIC OFFERING (IPO), THE BANK HAS MAINTAINED A STRONG TRACK RECORD, REFLECTING ITS FINANCIAL STABILITY AND COMMITMENT TO INVESTORS.
CANARA BANK DIVIDEND PAYOUTS OVER THE YEARS
BELOW IS A SUMMARY OF CANARA BANK’S DIVIDEND HISTORY:
| FISCAL YEAR | DIVIDEND PER SHARE (₹) | EX-DIVIDEND DATE | RECORD DATE |
| 2023-24 | 3.22 | JUNE 14, 2024 | JUNE 17, 2024 |
| 2022-23 | 12.00 | JUNE 14, 2023 | JUNE 14, 2023 |
| 2021-22 | 6.50 | JUNE 15, 2022 | JUNE 16, 2022 |
| 2016-17 | 1.00 | JULY 12, 2017 | – |
| 2014-15 | 10.50 | JUNE 25, 2015 | – |
| 2013-14 | 4.50 | JULY 3, 2014 | – |
| 2013-14 | 6.50 (INTERIM) | JANUARY 24, 2014 | JANUARY 27, 2014 |
| 2012-13 | 13.00 | JULY 4, 2013 | – |
| 2011-12 | 11.00 | JUNE 14, 2012 | – |
| 2010-11 | 11.00 | JULY 6, 2011 | – |
| 2009-10 | 10.00 | JUNE 14, 2010 | – |
| 2008-09 | 8.00 | JULY 8, 2009 | – |
| 2007-08 | 8.00 | JUNE 10, 2008 | – |
| 2006-07 | 7.00 | JUNE 26, 2007 | – |
| 2005-06 | 6.60 | JUNE 14, 2006 | – |
| 2004-05 | 3.00 | JULY 26, 2005 | – |
| 2004-05 | 2.50 (INTERIM) | FEBRUARY 11, 2005 | FEBRUARY 14, 2005 |
| 2003-04 | 2.50 | JULY 12, 2004 | – |
| 2003-04 | 2.50 (INTERIM) | JANUARY 28, 2004 | JANUARY 29, 2004 |
| 2002-03 | 3.50 | JULY 7, 2003 | – |
NOTE: SOME RECORD DATES ARE NOT AVAILABLE.
DIVIDEND YIELD & INVESTOR INSIGHTS
AS OF MARCH 2025, CANARA BANK’S SHARE PRICE STANDS AT APPROXIMATELY ₹80.90. BASED ON THE MOST RECENT DIVIDEND PAYOUT OF ₹3.22 PER SHARE, THE DIVIDEND YIELD IS AROUND 3.98%.
INVESTORS LOOKING FOR STABLE DIVIDEND-PAYING STOCKS MAY FIND CANARA BANK AN ATTRACTIVE OPTION. HOWEVER, DIVIDEND PAYOUTS DEPEND ON THE BANK’S PROFITABILITY AND MARKET CONDITIONS. IT IS RECOMMENDED TO ANALYZE THE COMPANY’S FINANCIAL HEALTH AND FUTURE GROWTH PROSPECTS BEFORE MAKING INVESTMENT DECISIONS.
CURRENT MARKET PRICE (CMP) AND FINANCIAL RATIOS
AS OF MARCH 3, 2025, CANARA BANK’S STOCK IS TRADING AT ₹80.90. KEY FINANCIAL METRICS INCLUDE:
DIVIDEND YIELD: 3.98%
BOOK VALUE PER SHARE: ₹113.02
PRICE-TO-EARNINGS (P/E) RATIO: 4.47
PRICE-TO-BOOK (P/B) RATIO: 0.72
PROS AND CONS
PROS:
ATTRACTIVE VALUATION:–
THE STOCK IS TRADING AT 0.80 TIMES ITS BOOK VALUE, INDICATING POTENTIAL UNDERVALUATION.
STRONG DIVIDEND YIELD:–
A DIVIDEND YIELD OF 3.98% PROVIDES REGULAR INCOME TO INVESTORS.
ROBUST PROFIT GROWTH:–
THE BANK HAS DELIVERED A PROFIT GROWTH OF 90.8% CAGR OVER THE LAST FIVE YEARS.
CONS:
LOW INTEREST COVERAGE RATIO:-
THIS COULD INDICATE POTENTIAL CHALLENGES IN MEETING INTEREST OBLIGATIONS.
HIGH CONTINGENT LIABILITIES:–
THE BANK HAS SIGNIFICANT CONTINGENT LIABILITIES AMOUNTING TO ₹2,23,809 CRORE.
DEPENDENCE ON OTHER INCOME:–
EARNINGS INCLUDE A SUBSTANTIAL OTHER INCOME OF ₹30,394 CRORE, WHICH MAY NOT BE SUSTAINABLE.
FUTURE OUTLOOK
CANARA BANK’S FUTURE PROSPECTS ARE INTERTWINED WITH INDIA’S ECONOMIC GROWTH AND THE EVOLVING BANKING LANDSCAPE. THE BANK’S STRONG FINANCIAL METRICS AND CONSISTENT DIVIDEND PAYOUTS POSITION IT WELL FOR FUTURE GROWTH. HOWEVER, INVESTORS SHOULD MONITOR MACROECONOMIC INDICATORS AND THE BANK’S ASSET QUALITY TO ASSESS ITS LONG-TERM PERFORMANCE.
THANKS. PLEASE COMMENT IN COMMENT BOX.
OFFICIAL WEBSITE.
NSE
https://www.nseindia.com/get-quotes/equity?symbol=CANBK
BSE
https://www.bseindia.com/stock-share-price/canara-bank/canbk/532483
Excellent