Punjab National Bank (PNB) Dividend History and Yield 2026

Featured Snippet Answer: Punjab National Bank pays a dividend yield of approximately 2.8% to 2.9%, with a recent dividend of Rs.3.00 per share, paid annually, and dividend growth of nearly 26% over the past 3 years.

Key Takeaways

• PNB’s dividend yield is approximately 2.8% to 2.9% based on most sources, though a quarterly-calculation figure of 5.49% also appears and should be treated cautiously.
• PNB’s latest annual dividend was Rs.3.00 per share, paid 12 June 2026.
• PNB has grown its dividend by 25.99% over the past 3 years and by an average of 36.20% per year over the past 5 years.
• PNB pays dividends annually, unlike some peer banks that pay semi-annually or quarterly.
• As a major public sector bank, PNB’s dividend reflects its ongoing balance sheet recovery following past asset-quality stress.

Why PNB’s Dividend Growth Rate Looks Unusually High

PNB’s 5-year average dividend growth rate of 36.20% stands out, but this figure requires context: PNB, like several PSU banks, faced significant asset-quality challenges and suppressed or paused dividends in earlier years following a period of elevated non-performing assets. As the bank’s balance sheet has recovered and profitability has normalized, its dividend has grown rapidly off a low or zero base, which produces a high percentage growth rate that isn’t necessarily repeatable once the dividend reaches a more mature, steady-state level.

This pattern is similar in spirit to Bank of Baroda’s post-recovery dividend trajectory, where rapid early growth off a low base should not be extrapolated indefinitely forward.

Dividend History and Yield

Metric	Value
Latest annual dividend	Rs.3.00/share, paid 12 Jun 2026
Dividend yield	~2.8% – 2.9%
3-year dividend growth	+25.99%
5-year average annual growth	+36.20%

Source: PNB corporate actions via trendlyne.com and stockanalysis.com, as of mid-2026.

Is PNB’s Dividend Sustainable Going Forward?

PNB’s dividend sustainability depends on continued asset-quality improvement and stable credit costs. Since much of the recent growth reflects a recovery off a suppressed base, future dividend increases are more likely to normalize toward a slower, single-digit-to-low-teens growth rate rather than continuing the recent 25-36% pace.

Common Mistakes Investors Make With PNB

Investors sometimes extrapolate the 36.20% five-year average growth rate forward as an expected future trajectory. This rate largely reflects a low base effect following the bank’s earlier asset-quality stress period, and should not be treated as a reliable predictor of future dividend growth.

Should You Hold PNB for Dividend Income?

PNB suits investors seeking exposure to a PSU bank recovery story with a moderate current yield, while tempering expectations for continued rapid dividend growth as the payout matures toward a more stable level.

PNB vs Other PSU Bank Dividend Payers

Bank	Approx. Yield	5-Yr Avg Growth	Payment Frequency
PNB	2.8% – 2.9%	+36.20%	Annual
Bank of Baroda	~3-4%	Strong recovery	Annual
SBI	~1.7%	+34% (5-yr)	Annual

PNB Key Dividend Dates

Event	Date
Latest dividend paid	12 Jun 2026
Amount	Rs.3.00/share

Frequently Asked Questions

What is PNB’s current dividend yield?

PNB’s dividend yield is approximately 2.8% to 2.9% based on most sources, though a separate quarterly-calculation figure of 5.49% has also been reported and should be treated cautiously.

How much has PNB’s dividend grown recently?

PNB’s dividend has grown 25.99% over the past 3 years and by an average of 36.20% per year over the past 5 years, largely reflecting recovery from a previously suppressed base.

How often does PNB pay dividends?

PNB pays dividends annually.

Will PNB’s dividend keep growing at its recent rate?

Unlikely at the same pace. The high recent growth rate largely reflects recovery off a low base following past asset-quality stress, and is expected to normalize to a slower rate going forward.

Is PNB’s dividend safe?

PNB’s dividend sustainability depends on continued asset-quality improvement and stable credit costs as the bank’s balance sheet recovery matures.

Is PNB a good stock for dividend income?

PNB suits investors seeking exposure to a PSU bank recovery story with a moderate yield, while expecting future dividend growth to normalize to a slower pace.

Related Dividend Analysis

• Bank of Baroda Dividend History
• Canara Bank Dividend History
• Dividend Yield Calculator