HDFC Bank Limited
HDBFinancial Services · Stock · annual payer
Forward Yield
1.59%
Annual Dividend
$0.42
Payout Ratio
22%
5-Yr Growth
—
Ex-Date
Jun 18, 2026
Frequency
Annual
Summary
As of July 2026, HDFC Bank Limited (HDB) yields 1.59% ($0.42 per share annually), with a blended fair-value estimate of $30.65 — +16% upside, so it screens as undervalued. Dividend safety grade: C (58/100).
Is HDB a good dividend stock?
Yes, with caveatsHDFC Bank Limited (HDB) pays a annual dividend yielding 1.59% ($0.42/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 (22%)
Risks
- Cut its dividend in 2025
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 1.59%
- Payout Ratio
- 22%
- Annual Dividend
- $0.42
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Jun 18, 2026
- Years of Growth
- 0
- Frequency
- annual
- Beta
- 0.42
- Market Cap
- $121.2B
- P/E Ratio
- 18.6
- 5-Yr Total Return
- -33%
- 52-Week Range
- $22.91 – $39.81
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
HDB Price — Last 12 Months
Daily close
Price Return
1 Year
-26%
3 Years
-15%
5 Years
-33%
52-Week Range
$22.91 – $39.81
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HDB worth?
Undervaluedlow confidenceOur blended fair-value estimate for HDFC Bank Limited is $30.65 per share, versus a market price of $26.38. That implies 16% of upside — a margin of safety of about 14%.
Fair Value
$30.65
Current Price
$26.38
Upside
+16%
Margin of Safety
14%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 15.8% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 15.8% stage-1 growth, 2.5% terminal growth, $1.42 EPS, $0.42 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HDB Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 11, 2025 | — | $0.3755 | regular |
| Jul 31, 2025 | — | $0.0870 | regular |
| Aug 12, 2024 | — | $0.3480 | regular |
| Aug 14, 2023 | — | $0.3420 | regular |
| May 12, 2023 | — | $0.3485 | regular |
| Jul 19, 2022 | — | $0.2900 | regular |
| May 11, 2022 | — | $0.3040 | regular |
| Jul 20, 2021 | — | $0.1310 | regular |
| Jun 28, 2021 | — | $0.1315 | regular |
| Jul 31, 2019 | — | $0.0545 | regular |
| Jun 19, 2019 | — | $0.1615 | regular |
| Jun 1, 2018 | — | $0.1433 | regular |
| Jun 27, 2017 | — | $0.1283 | regular |
| Jun 27, 2016 | — | $0.1058 | regular |
Income Calculator
At $0.42 / yr per share
