Highest dividend paying stocks in Nifty PSU Bank universe

Highest dividend paying stocks in Nifty PSU Bank space: Investors often turn to the high dividend paying stocks to seek steady income from their investments. From Bank of Maharashtra to Union Bank of India, here are the highest dividend paying stocks from Nifty PSU Bank universe in the last 12 months, as per data available on Trendlyne.  

Bank of Maharashtra dividend

Bank of Maharashtra has announced 15 dividends since June 23, 2004. Bank of Maharashtra has announced an equity dividend amounting to Rs 2.70 per share in the past 12 months. Currently, Bank of Maharashtra's dividend yield is 4.21 per cent.

Union Bank of India dividend

Union Bank of India has announced 20 dividends since June 6, 2003. Union Bank of India has announced an equity dividend amounting to Rs 3.00 per share in the past 12 months. At the current levels, Union Bank of India's dividend yield is 2.24 per cent.

Canara Bank dividend

Canara Bank has announced 20 dividends since July 7, 2003. Canara Bank has announced an equity dividend amounting to Rs 12.00 per share in the past 12 months. At the current levels, Canara Bank's dividend yield is 2.13 per cent.

Bank of Baroda dividend

Bank of Baroda has announced 24 dividends since July 13, 2001. Bank of Baroda has announced an equity dividend amounting to Rs 5.50 per share in the past 12 months. At the current levels, Bank of Baroda's dividend yield is 2.11 per cent.

Indian Bank dividend

Indian Bank has announced 19 dividends since June 15, 2007. Indian Bank has announced an equity dividend amounting to Rs 8.60 per share in the past 12 months. At the current levels, Indian Bank's dividend yield is 1.67 per cent.

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)

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