ICICI Bank Limited (NYSE:IBN) to Issue Annual Dividend of $0.20

ICICI Bank Limited (NYSE:IBN) declared an annual dividend on Wednesday, August 7th, Wall Street Journal reports. Shareholders of record on Friday, January 1st will be given a dividend of 0.2028 per share by the bank on Monday, August 12th. This represents a yield of 0.4%. The ex-dividend date is Monday, August 12th. This is an increase from ICICI Bank’s previous annual dividend of $0.11.

ICICI Bank has a dividend payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect ICICI Bank to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 11.0%.

ICICI Bank Stock Down 0.2 %

IBN traded down $0.06 during trading on Wednesday, hitting $27.78. 3,726,023 shares of the company’s stock were exchanged, compared to its average volume of 5,565,978. ICICI Bank has a fifty-two week low of $21.89 and a fifty-two week high of $29.66. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. The stock has a market cap of $97.73 billion, a P/E ratio of 20.02, a PEG ratio of 2.32 and a beta of 1.04. The business’s 50 day moving average is $28.13 and its two-hundred day moving average is $26.68.

ICICI Bank Company Profile

ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.