IDBI Bank Coming With Rs. 2.10 Dividend: July 15 Set As Record Date; Target Price Inside—Buy?

Originally founded as a Development Financial Institution (DFI) in 1964, IDBI Bank (previously the Industrial Development Bank of India) is a commercial bank in India. On Thursday, June 26th, IDBI Bank's shares closed at Rs 95.44 on the BSE, up 0.87%, with a market value of Rs 1,02,620.93 Cr. The Board's announcement of the record date for the stock's upcoming dividend distribution put it in the news today.

IDBI Bank Dividend Record Date

"In terms of Regulation 42 of SEBI (LODR) Regulations, 2015, it is hereby notified that the Register of Members and Share Transfer Books of the Bank will remain closed from Wednesday, July 16, 2025 to Tuesday, July 22, 2025 (both days inclusive) for the purpose of 21st AGM of the Bank to be held on July 22, 2025. Additionally, Tuesday, July 15, 2025 (end of day) has been fixed as the cut-off date for reckoning the voting rights of Members to be exercised either by remote e-voting or by voting at the AGM to be held through VC / OAVM. E-voting period shall commence on Thursday, July 17, 2025 at 9.00 a.m. (IST) and ends on Monday, July 21, 2025 at 5.00 p.m. (IST). Further, the record date to determine members eligible for payment of dividend of Rs. 2.10/- per equity share of face value Rs.10/- each has been fixed as July 15, 2025, subject to the approval at the 21st AGM of the Bank," said IDBI Bank in a stock exchange filing.

IDBI Bank Dividend History & Yield

Historically, IDBI Bank has paid out dividends in a moderate manner. In FY 2022-2023 it paid out Rs 1 per share, then in July 2024 it increased the distribution to Rs 1.50, which at that time probably yielded about 1.64 percent. According to the company's market capitalization, the trailing twelve-month yield as of June 2025 is around 1.62 percent. The yield has varied historically; previous to FY 2022-2023 there were extended periods without a dividend, interspersed with payouts of Rs 0.75 in FY 2015, Rs 0.73 in early 2014, and a noteworthy Rs 3.50 in FY 2013 wisesheets.io.

In contrast, IDBI's current yield is somewhat higher than the average for the regional banking sector, which is around 1.3% simplywall.st. Other benchmarks demonstrate consistency: Investing.com reported a yield of 1.59 percent, which was somewhat higher than the industry norm of 1.17 percent. In conclusion, although IDBI Bank's yield is not very high, it has recently surpassed both its historical average (0.36-0.64%) during the previous five to ten years, according to simplywall.st.

IDBI Bank Share Price Target

"IDBI Bank is showing a breakout of a huge rounding bottom. The price is breaking out of a bullish Flag pattern. This is a very bullish formation. The price can see a rally to 110 and above, then to 120. This is a good setup for a long-term trade," said Manish Shah, a SEBI registered Investment Advisor with registration no. INA000016180.

Disclaimer

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