SmarterDividends
HDB

HDFC Bank (HDB) Dividend

HDFC Bank Limited · Financial Services · Banks - Regional · annual payer

$24.45

Fairly valued · +2% Add to Portfolio

As of Nov 5, 2026, HDFC Bank (HDB) pays an annual dividend, or $0.41 a year, a 1.68% yield at its $24.45 share price. It pays once a year, usually in August. It has a dividend safety grade of C.

Forward Yield

1.68%

Annual Dividend

$0.41

Payout Ratio

23%

5-Yr Growth

—

Ex-Date

Jun 18, 2026

Frequency

Annual

Key facts about HDB's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, HDFC Bank Limited (HDB) has a forward dividend yield of 1.68%, based on an annual dividend of $0.41 per share and a share price of $24.45.
  • As of Nov 5, 2026, HDB's dividend safety grade from SmarterDividends is C (58 out of 100), which rates the dividend as borderline.
  • HDB last cut its regular dividend in 2025.
  • HDB's most recent ex-dividend date was Aug 11, 2025, for a dividend of $0.38 per share.
  • As of Nov 5, 2026, HDB pays out 23% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Nov 5, 2026, HDB's 1.68% yield is 16% above its five-year average yield of 1.45%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for HDB is $24.82 per share, 2% above the $24.45 share price, so HDB screens as fairly valued.
  • HDFC Bank Limited (HDB) pays its dividend annual, once a year.
Cite this page

SmarterDividends, "HDB Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/HDB

Is HDB a good dividend stock?

Yes, with caveats

HDFC Bank Limited (HDB) pays a annual dividend yielding 1.68% ($0.41/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (23%)

Risks

  • Cut its dividend in 2025
  • Share price is down over the past 5 years

Key Data

Dividend Yield
1.68%
Payout Ratio
23%
Annual Dividend
$0.41
5-Yr Avg Growth
—
Ex-Dividend Date
Jun 18, 2026
Years of Growth
0
Frequency
annual
Beta
0.39
Market Cap
$125.7B
P/E Ratio
15.8
5-Yr Total Return
-32%
52-Week Range
$21.36 – $37.35
Dividend Safety
C · 58/100
Ever Cut?
Yes (2025)

HDB dividend changes

HDFC Bank Limited (HDB) pays a variable dividend: across the 28 payments on record since 2002, 20 were higher than the one before and 4 lower. The latest change was up 7.9% to $0.376 per share, going ex-dividend on Aug 11, 2025.

Ex-dateChangeOld → newMove
Aug 11, 2025Higher$0.348 → $0.376+7.9%
Aug 12, 2024Higher$0.342 → $0.348+1.8%
Aug 14, 2023Lower$0.349 → $0.342−1.9%
May 12, 2023Higher$0.290 → $0.349+20.2%
Jul 19, 2022Lower$0.304 → $0.290−4.6%
May 11, 2022Higher$0.131 → $0.304+132.1%
Jun 28, 2021Higher$0.0545 → $0.132+141.3%
Jul 31, 2019Lower$0.143 → $0.0545−62.0%
Jun 1, 2018Higher$0.128 → $0.143+11.7%
Jun 27, 2017Higher$0.106 → $0.128+21.3%
Jun 27, 2016Higher$0.0935 → $0.106+13.1%
Jun 30, 2015Higher$0.0875 → $0.0935+6.9%
Every HDB payment →Download every raise and cut (CSV)
HDB ex-dividend date & scheduleNext ex-date Jun 18, 2026 · full ex-dividend historyView →HDB dividend historyEvery payment, totals by year, raises and cutsView →HDB dividend calculator100 shares pay $41.00 a year, $41.00 each yearCalculate →HDB total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is HDB a good dividend stock?

Yes, with caveats. HDFC Bank Limited (HDB) pays a annual dividend yielding 1.68% ($0.41/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is HDB undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HDB's fair value is about $24.82 versus a $24.45 share price — so it looks fairly valued (+2% vs. fair value).

Is HDB's dividend safe?

HDB has a dividend-safety grade of C (58/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is HDB's fair value?

Our blended fair-value estimate for HDB is about $24.82 per share, roughly 2% above the current $24.45 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is HDB a buy, hold, or sell?

We don't issue formal ratings, but on the data HDB screens as "yes, with caveats" and fairly valued. HDFC Bank Limited (HDB) pays a annual dividend yielding 1.68% ($0.41/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will HDB cut its dividend?

HDB earns a dividend-safety grade of C (58/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does HDB pay a dividend?

Yes. HDFC Bank Limited pays a annual dividend of about $0.41 per share annually, a forward yield of roughly 1.68%.

How much dividend does 100 shares of HDB pay?

At $0.41 per share a year, 100 shares of HDB pay $41.00 a year in dividends before tax, about $41.00 each year. Buying them costs about $2,445 at the Nov 5, 2026 price.

What is HDB's dividend yield?

As of Nov 5, 2026, HDB's forward dividend yield is 1.68%, based on a $0.41 annual dividend and a $24.45 share price.

What is HDB's dividend per share?

As of Nov 5, 2026, HDB pays $0.41 per share per year, distributed on a annual basis.

What is HDB's dividend payout ratio?

As of Nov 5, 2026, HDB's payout ratio is 23% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has HDB grown its dividend?

HDB does not currently have a long dividend-growth streak on record.

When is the next HDB ex-dividend date?

As of Nov 5, 2026, HDB's next ex-dividend date hasn't been announced. The most recent was Aug 11, 2025, for $0.38 per share.

Income Calculator

At $0.41 / yr per share

Per payment (annual)$41.00
Annual$41.00
Monthly avg$3.42
Full HDB dividend calculator →

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