Public Banks Stocks With High Dividend Yield

The table below shows the Public Banks Stocks With High Dividend Yield based on the Highest Market Capitalization.

What are Public Banks Stocks?

Public bank stocks represent shares of publicly traded banks that are owned and operated by the government or state. These banks are typically established to serve the public’s banking needs and may offer various financial services such as deposits, loans, and investments to individuals, businesses, and government entities.

Best Public Banks Stocks With High Dividend Yield

The table below shows the Best Public Banks Stocks With High Dividend Yield based on 1 Year Return. 

Top Public Banks Stocks With High Dividend Yield

The table below shows Top Public Banks Stocks With High Dividend Yield based on the highest day Volume.

List Of Public Banks With High Dividend Yield

The table below shows List Of Public Banks With High Dividend Yield based on the PE Ratio. 

High Dividend Public Banks

The table below shows High Dividend Public Banks based on the 6 month return. 

Who Should Invest In Public Banks Stocks With High Dividend Yield?

Investors seeking stable dividends and a relatively low-risk investment option might consider investing in public bank stocks with high dividend yields. These stocks are suitable for income-oriented investors who prioritize regular dividend income over potential capital appreciation. Additionally, investors who have a long-term investment horizon and are comfortable with the regulatory environment and economic conditions affecting the banking sector may find these stocks appealing.

How To Invest In The Public Banks Stocks With High Dividend Yield?

Investing in public bank stocks with high dividend yields can be done through various channels. Investors can directly purchase shares of these banks through brokerage accounts or invest in them indirectly through mutual funds or exchange-traded funds (ETFs) that focus on banking sector stocks. It’s important to conduct thorough research on the financial health, dividend history, and future prospects of each bank before investing.

Performance Metrics Of Public Banks With High Dividend Yield

1. Dividend Yield: This metric indicates the percentage of dividend income relative to the stock price. Higher dividend yields signify greater returns for shareholders.

2. Payout Ratio: The payout ratio measures the proportion of earnings that a bank pays out as dividends. A lower ratio suggests that the bank retains more earnings for future growth.

3. Dividend Growth Rate: This metric evaluates the consistency and rate at which dividends increase over time. A higher growth rate reflects the bank’s ability to sustain and grow its dividend payments.

4. Return on Equity (ROE): ROE measures a bank’s profitability by assessing how effectively it generates profits from shareholders’ equity. A higher ROE indicates better performance.

5. Net Interest Margin (NIM): NIM represents the difference between the interest income generated from loans and the interest expenses paid on deposits. A wider NIM suggests stronger profitability for the bank.

6. Non-Performing Assets (NPA) Ratio: The NPA ratio measures the proportion of loans that are not generating income due to default or non-payment by borrowers. A lower NPA ratio indicates better asset quality and risk management by the bank, which can positively impact its ability to maintain dividend payments.

Benefits Of Investing In Public Banks Stocks With High Dividend Yield

1. Reliable Income Stream: Investing in public bank stocks with high dividend yields can provide a steady stream of income for investors, making them appealing for income-oriented portfolios.

2. Dividend Growth Potential: Public banks with a history of high dividend yields may also demonstrate the potential for dividend growth over time, enhancing the total return on investment.

3. Defensive Characteristics: Public banks, particularly those with strong dividend yields, often exhibit defensive characteristics, making them resilient during economic downturns.

4. Potential for Capital Appreciation: In addition to dividend income, investing in public banks with high dividend yields may offer the potential for capital appreciation as the stock price appreciates over time.

5. Attractive Total Return: Combining dividend income with potential capital gains can result in an attractive total return on investment for shareholders.

Challenges Of Investing In Public Banks With High Dividend Yield

1. Economic Sensitivity: Public banks, particularly those with high dividend yields, can be sensitive to economic fluctuations, making them vulnerable to changes in interest rates, inflation, and overall economic conditions.

2. Regulatory Risks: The banking sector is heavily regulated, and changes in regulations or government policies can impact the profitability and dividend-paying capacity of public banks.

3. Credit Quality Concerns: Public banks may face challenges related to loan defaults, non-performing assets, and credit quality issues, which can affect their ability to maintain high dividend yields.

4. Competitive Pressures: Public banks operate in a competitive environment, facing competition from both traditional and non-traditional financial institutions, which can exert pressure on their profitability and dividend payouts.

5. Interest Rate Risk: Public banks are exposed to interest rate risk, as changes in interest rates can impact their net interest margins and profitability, affecting their ability to sustain high dividend yields.

Introduction to Public Banks With High Dividend Yield

State Bank of India

The Market Cap of the State Bank of India is ₹6,57,922.99 crore. The stock’s 1-month return is -3.53%, while its 1-year return is 9.06%. It is currently 23.85% away from its 52-week high.

The State Bank of India is a banking and financial services provider headquartered in India. The company offers a diverse range of products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers. Its operations are divided into segments such as Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business. 

The Treasury segment focuses on investment and trading in foreign exchange and derivative contracts. The Corporate/Wholesale Banking segment includes lending activities for corporate accounts, commercial clients, and stressed assets resolution. The Retail Banking Segment provides personal banking services, including lending activities for corporate customers with banking relationships with its branches.

Punjab National Bank

The Market Cap of Punjab National Bank is ₹1,14,090.45 crore. The stock’s 1-month return is -2.66%, while its 1-year return is -19.91%. It is currently 44.01% away from its 52-week high.

Punjab National Bank (PNB) is a bank headquartered in India. It operates through various segments, including Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The bank offers a range of products, including personal, corporate, international, and capital services. Personal products encompass deposits, loans, housing projects, NPA settlement options, accounts, insurance, government services, financial inclusion, and priority sector services. 

Corporate offerings include loans, forex services for exporters/importers, cash management, and a gold card scheme for exporters. The international product line features FX retail platform, LIBOR transition services, various schemes/products, NRI services, forex assistance, travel cards, foreign office contacts, trade finance portal, and outward remittance services. Capital services include depository services, mutual funds, merchant banking, and applications with blocked amounts.

Bank of Baroda Ltd

The Market Cap of Bank of Baroda Ltd is ₹1,11,866.91 crore. The stock’s 1-month return is -4.56%, while its 1-year return is -11.61%. It is currently 38.59% away from its 52-week high.

The Bank of Baroda Limited operates within the banking and financial services sector in India. Its business is divided into segments including Treasury, Corporate / Wholesale Banking, Retail Banking, and Other Banking Operations. The company’s operations are further categorised into Domestic Operations and Foreign Operations. The bank offers various personal banking services like savings accounts, current accounts, and term deposits.

It also provides a range of digital banking products, such as Internet banking, mobile banking, cards, WhatsApp banking, digital signage systems (DSS), self-service passbook printers, and automated teller machines (ATMs). Furthermore, the bank offers different types of loans, including home loans, personal loans, vehicle loans, fintech loans, education loans, and gold loans.  

Union Bank of India Ltd

The Market Cap of Union Bank of India Ltd is ₹89,962.04 crore. The stock’s 1-month return is 4.02%, while its 1-year return is -18.6%. It is currently 44.51% away from its 52-week high.

Union Bank of India Ltd is a banking company based in India, offering various services through different segments. These segments include Treasury Operations, Corporate and Wholesale Banking, Retail Banking Operations, and Other Banking Operations.   The Treasury Operations segment provides a variety of account options, such as savings and current accounts, term and recurring deposits, and demat and online trading accounts.  

The Corporate and Wholesale Banking segment offers services like trade finance, working capital facilities, lines of credit, project financing, and channel finance. This segment also provides assistance with debt structuring/restructuring, loan syndication, structured finance, mergers and acquisition advisory, and private equity services.   The Retail Banking Operations segment offers mutual funds and various insurance products, including life, non-life, health, and general insurance.   The Other Banking Operations segment provides full NRI banking services in addition to a range of treasury and remittance services.

Canara Bank Ltd

The Market Cap of Canara Bank Ltd is ₹85,318.55 crore. The stock’s 1-month return is -3.2%, while its 1-year return is -14.91%. It is currently 37.19% away from its 52-week high.

Canara Bank Limited (the Bank) is a bank based in India that operates in various segments, including Treasury Operations, Retail Banking Operations, Wholesale Banking Operations, Life Insurance Operations, and Other Banking Operations. 

The Bank offers a wide range of products and services, such as personal banking and corporate banking. Personal banking services include depository services, mutual funds, ancillary services, technology products, retail loan products, micro, small, and medium enterprise loan products, and card services. Corporate banking services encompass accounts and deposits, supply chain finance management, syndication services, and technology upgrade fund schemes, among others. Canara Bank also provides depository services and offers basic savings deposit accounts, PMJDY Overdraft Facilities, and credit facilities to unbanked rural individuals through products like the differential rate of interest scheme, Kisan Credit Card Scheme, and various other credit products.

Indian Bank

The Market Cap of the Indian Bank is ₹73,187.29 crore. The stock’s 1-month return is 7.27%, while its 1-year return is -0.13%. It is currently 16.7% away from its 52-week high.

Indian Bank is involved in the provision of banking and financial services, with operations divided into different segments. These segments consist of Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business. The Treasury Segment oversees the investment portfolio, foreign exchange, and derivative trading. 

The Corporate/Wholesale Banking segment manages lending activities for corporate accounts, commercial clients, and distressed assets. This segment offers loans and transaction services to corporate and institutional clients, as well as non-treasury operations for foreign offices. The Retail Banking Segment is further divided into digital banking and other retail banking segments, which cover activities such as personal banking, lending to corporate customers, agency services, and ATM operations.

UCO Bank

The Market Cap of UCO Bank is ₹50,203.07 crore. The stock’s 1-month return is -2.19%, while its 1-year return is -37.94%. It is currently 66.43% away from its 52-week high.

UCO Bank is an India-based commercial bank that operates through four key segments: Treasury Operations, Corporate Banking Operations, Retail Banking Operations, and Other Banking Operations. The bank provides a range of services, including corporate banking, international banking, government business, and rural banking. Corporate banking services encompass debt/foremost, credit growth, deposits, and value-added services. 

International banking services cater to non-resident Indian (NRI) banking, foreign currency loans, finance/export to exporters, finance/import to importers, remittances, foreign exchange and treasury services, resident foreign exchange (domestic) deposits, and contact banking. Rural banking services focus on agriculture credit, financial inclusion, and MSME support. The bank’s loan offerings include education, gold, home, personal, and car loans. Additionally, the bank provides government business services, offers various policies, and features an equated monthly instalment (EMI) calculator.

Bank of India Ltd

The Market Cap of Bank of India Ltd is ₹48,331.12 crore. The stock’s 1-month return is 7.33%, while its 1-year return is -22.55%. It is currently 48.48% away from its 52-week high.

Bank of India Limited (the Bank) is an India-based financial institution. It is divided into distinct segments comprising Treasury Operations, Wholesale Banking Operations, and Retail Banking Operations. The Treasury Operations segment deals with the bank’s investment portfolio, including government and other securities trading, money market activities, and foreign exchange operations. 

The Wholesale Banking Operations segment encompasses all loans and advances not categorised under retail banking. In contrast, the Retail Banking Operations segment includes exposures that must meet specific criteria related to maximum aggregate exposure and total annual turnover. The bank operates a network of over 5105 branches in India, including specialised branches. Its subsidiaries include BOI Shareholding Limited and BOI Star Investment Managers Private Limited, among others.

Bank of Maharashtra Ltd

The Market Cap of Bank of Maharashtra Ltd is ₹38,396.24 crore. The stock’s 1-month return is -3.97%, while its 1-year return is -25.44%. It is currently 47.35% away from its 52-week high.

The Bank of Maharashtra Limited offers banking services through different segments, which include Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The Treasury segment covers various financial activities such as investments, balances with overseas banks, interest earned on investments, and related income. 

The Corporate/Wholesale Banking Segment provides financial assistance to trusts, partnership firms, companies, and statutory bodies. The Retail Banking Segment involves lending to individuals or small businesses, with no single counterparty exposure exceeding 0.2% of the total retail portfolio and a maximum combined retail exposure of up to five crores of Indian Rupees. The Other Banking Operations segment encompasses all other banking transactions. The bank also offers products and services like e-payment of taxes, credit cards, doorstep banking, and a new pension scheme, among others.

Punjab & Sind Bank

The Market Cap of Punjab & Sind Bank is ₹31,781.04 crore. The stock’s 1-month return is 0.57%, while its 1-year return is -37.46%. It is currently 63.62% away from its 52-week high.

Punjab & Sind Bank, headquartered in India, operates across four main segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The bank offers a range of international banking services, such as non-resident Indian (NRI) services, export/import services, forex treasury, gold card schemes, and more. 

Additionally, it provides various fixed deposit schemes, tax-saving options, education loans, home loans, vehicle loans, and recurring deposit accounts, as well as digital banking services, including online banking, UPI, prepaid cards, ATM/debit card services, bill payments, and more. The bank also offers social banking services linked with government schemes like PM Yojana. In terms of accounts, Punjab & Sind Bank provides current accounts, savings accounts, premier saving accounts, premier current accounts, basic savings bank deposit accounts, and others. With over 1531 bank branches, the bank serves a wide customer base.

Public Banks Stocks With High Dividend – FAQs

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.