Union bank of india dividend 2023 record date

Union bank of india dividend 2023 record date

Imagine you are a shareholder of Union Bank of India, a public sector bank that provides various banking and financial services. You are interested in knowing the dividend record date for 2023, which is the date by which you must own the shares to receive the dividend. Here is a possible story that describes it like a pro with creative storytelling way:

You have been holding shares of Union Bank of India for a long time, as you believe in its strong fundamentals and growth prospects. You also like the fact that the bank pays regular dividends to its shareholders, which gives you a steady income stream. You have seen the bank's performance improve over the years, as it has increased its net interest income, operating profit, and net profit. You have also seen the bank's asset quality improve, as it has reduced its gross and net NPA ratios.

You are eagerly waiting for the bank's financial results for the quarter and year ended March 31, 2023, which are expected to be announced on May 6, 2023. You are hoping that the bank will declare a good dividend for the year, as it has done in the past. You recall that last year, the bank had declared a dividend of Rs. 3 per equity share (30%) for the year ended March 31, 2022.

You decide to check the web search results to find out the dividend record date for 2023. You find out that according to one source, the board of directors of Union Bank of India have recommended a dividend of Rs. 3 per equity share (30%) for the year ended March 31, 2023 subject to requisite approvals. You also find out that according to another source, the latest board meeting for Union Bank of India took place on May 6, 2023, for the purpose of audited results and final dividend.

You are happy with this news and calculate that if the dividend is approved, you will receive Rs. 300 for every 100 shares you own. You also realize that you need to own the shares before the dividend record date to be eligible for the dividend. You check another source and find out that the dividend record date for Union Bank of India is usually around June 6 every year. You confirm that you have bought your shares well before this date and that you will not sell them until after this date.

You are satisfied with your research and look forward to receiving your dividend in your bank account soon. You also hope that the bank will continue to perform well and reward its shareholders with higher dividends in the future.

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