HDFC Bank Dividend: Shares Of India’s Largest Bank Surge Ahead of 2200% Dividend Record Date; Should You Buy?

HDFC Bank Dividend: Shares of India's largest lender, HDFC Bank, surged on Tuesday, June 24, ahead of their dividend record date. The private sector bank, in April, had announced a 2200% dividend for its eligible shareholders. The bank had fixed a dividend record date for this week.

HDFC Bank shares closed 0.65% higher at Rs 1960 per share on BSE on Tuesday with a market capitalisation of Rs 15,03,294.47 crore. The stock touched an intraday high mark of Rs 1978.85 apiece and an intraday low mark of Rs 1955.25 per share.

HDFC Bank Dividend

HDFC Bank, in April, had announced that its board of directors had recommended a dividend of Rs 22 per equity share with a face value of Re 1 per share. The company had also announced that the board will determine the eligibility of shareholders in June on the record date.

"The Board also recommended a dividend of Rs. 22 per equity share of Re. 1/- each fully paid up (i.e. 2200 %) for the FY 2024-25, subject to the approval of the shareholders. The record date for determining the eligibility of members entitled to receive the said dividend is Friday, June 27, 2025," read an HDFC Bank BSE filing released on April 19.

HDFC Bank Dividend Record Date: How To Become Eligible For Payout?

HDFC Bank had fixed a dividend record date of June 27. Hence, to become eligible for HDFC Bank dividend payout investors are required to own the HDFC bank stock on or before the record date, ie June 27, Friday.

HDFC Bank Share Price Recommendation

Brokerage Kotak Institutional Securities, in its June 24 report, had initiated an 'Add' rating for HDFC Bank stock and had identified a fair value of Rs 21,000 apiece of the stock. The brokerage has indicated an 8% upside in HDFC Bank stock value in long-run.

HDFC Bank stock received a 'Buy' rating from Antique brokerage industry with a target price of Rs 2275 per share, indicating a 17% upside in the stock value.

HDFC Bank Share Price Trend

The stock had closed at Rs 1960.5 per share on BSE on Tuesday. The private sector banking stock touched an 52-week high mark of Rs 1,996.30 per share on BSE on 6 June 2025. The stock dipped to its 52-week low mark of Rs 1,588.50 apiece on BSE on 24 July, 2025.

THe stock value of HDFC Bank, which is one of the top 10 companies listed on the BSE, has surged around 9.99% since the beginning of year 2025. The stock's value had increased around 17.25% in one year.

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