PNB vs BOI: 2 PSU Bank Stocks Nearing Record Date For Dividend, Payout Details Inside; Which Stock To Buy?

The two PSU bank stocks that will be in the news this week are Bank of India (BOI) and Punjab National Bank (PNB). The record date for the upcoming dividend is drawing closer, in addition to both stocks are trading close to their 52-week highs with rising trading volumes. Many investors may purchase shares now in order to be eligible for dividends, as the ex-dividend dates are set for June 20, 2025. Due to their attractive dividend yields and analyst support, PNB and BOI are therefore attracting interest ahead of their June 20 ex-dividend dates.

PNB Dividend

"The Board of Directors has recommended dividend of Rs 2.90 per equity share of Rs 2/- each for the financial year ended 31st March, 2025. The payment of dividend, if declared by the shareholders in the 24th Annual General Meeting, will be made to those shareholders whose names appear: a) as Beneficial Owners as at the close of business hours on Friday, 20th June, 2025 as per the record of NSDL/CDSL in respect of the shares held in electronic form and / or b) in the Register of shareholders as on Friday, 20th June, 2025 after giving effect to the valid transmission requests received from the shareholders & legal heirs of deceased holders holding shares in physical form. The Record Date for payment of Dividend will be Friday, 20th June, 2025. The dividend payment date will be Thursday, 10th July, 2025," said PNB in its annual report for FY25.

PNB Share Price Target

"PNB is in a bullish trend, forming higher highs and higher lows. The stock is facing short-term resistance at ₹109, and a breakout could lead to ₹114-₹116. Immediate support is at ₹102. As long as it holds above ₹102, the outlook remains positive. Traders may consider buying on dips with a stop-loss at ₹100," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

BOI Dividend

"The Board of Directors of the Bank has recommended a dividend of Rs. 4.05 per equity share (i.e. 40.50%) of face value of Rs.10/- each to the Shareholders for the year 2024-25, subject to the approval of the Shareholders at the AGM. It has been decided to pay the dividend to the Shareholders whose names appear on the Register of Shareholders / Beneficial owners as furnished by NSDL / CDSL as on, 20.06.2025 (hereinafter referred to as Record Date). The dividend will be paid to the shareholders within 30 days from the date of declaration at the Annual General Meeting (27.06.2025, Friday)," BOI stated in its FY25 annual report.

Bank of India Share Price Target

"Bank of India is moving within a narrow consolidation band. Key resistance is seen at ₹123, and a breakout may push it toward ₹128. Support lies at ₹115. The stock is above its key moving averages, indicating medium-term strength. A move above ₹123 can bring fresh upside; otherwise, range-bound action may continue," commented Riyank Arora.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.