Featured Snippet Answer: Union Bank of India paid Rs.10 per share in trailing dividends, a yield near 2.86% at a Rs.175.45 share price (19 Jun 2026), supported by rising earnings — EPS grew from Rs.23.62 to Rs.25.45 year over year.
Key Takeaways
- Union Bank of India’s trailing 12-month dividend is approximately Rs.10 per share.
- The dividend yield is approximately 2.86%.
- FY26 EPS rose to Rs.25.45 from Rs.23.62 in FY25, an 7.8% increase in net income.
- Union Bank pays dividends annually, having declared 6 dividends since 2016.
- The most recent dividend payment of Rs.5/share had a record date around early July 2026.
Earnings Growth Supporting the Dividend
Union Bank of India’s dividend is backed by genuinely improving fundamentals — FY26 net income grew 7.8% year over year, with earnings per share rising from Rs.23.62 to Rs.25.45. This kind of underlying earnings growth is a healthier signal for dividend sustainability than yield percentage alone, and places Union Bank among the PSU banks showing a clear post-recovery growth trajectory, similar to the pattern seen at Canara Bank and Bank of Baroda.
Dividend History and Trend
| Metric | Value |
|---|---|
| Trailing 12-month dividend | Rs.10.00/share |
| FY26 EPS | Rs.25.45 (up from Rs.23.62 in FY25) |
| FY26 net income growth | +7.8% YoY |
| Dividends declared since 2016 | 6 |
Source: Union Bank of India corporate actions via IndMoney and Simply Wall St, as of mid-2026.
Is Union Bank of India’s Dividend Safe?
Union Bank’s dividend is supported by clear, recent earnings growth, a positive signal for continued payout stability. As with any PSU bank, the primary risk remains asset quality and credit cycle exposure, though current trends point toward improvement rather than deterioration.
Common Mistakes Investors Make With Union Bank of India
Investors sometimes focus solely on the current yield without checking the underlying earnings trend. Union Bank’s genuine EPS growth is a more meaningful indicator of dividend durability than the yield percentage alone, particularly for banks recovering from a prior period of asset-quality stress.
Should You Hold Union Bank of India for Dividend Income?
Union Bank of India suits investors seeking PSU banking exposure with demonstrated recent earnings growth supporting the dividend, offering a moderate yield with a reasonably encouraging trend.
What Union Bank’s EPS Growth Signals for Future Dividends
Union Bank’s 7.8% net income growth and rising EPS are practical signals worth tracking each quarter, since dividend increases at PSU banks typically follow sustained earnings improvement rather than leading it. Investors can watch Union Bank’s quarterly results releases for continued EPS growth as an early indicator of whether the next annual dividend is likely to increase again, remain flat, or come under pressure.
Frequently Asked Questions
What is Union Bank of India’s current dividend yield?
Union Bank of India’s dividend yield is approximately 2.86%, based on a Rs.175.45 share price and roughly Rs.10 trailing annual dividend per share.
Has Union Bank of India’s earnings been growing?
Yes. FY26 EPS rose to Rs.25.45 from Rs.23.62 in FY25, with net income up 7.8% year over year.
How often does Union Bank of India pay dividends?
Union Bank of India pays dividends annually, having declared 6 dividends since 2016.
Is Union Bank of India’s dividend safe?
Union Bank’s dividend is supported by recent earnings growth, a positive signal, though it remains subject to standard PSU banking credit cycle risk.
How does Union Bank of India compare to other PSU banks on dividend?
Union Bank’s roughly 2.86% yield sits between SBI’s lower yield and Canara Bank’s or Bank of Baroda’s slightly higher yields, with earnings growth supporting continued stability.
Is Union Bank of India a good stock for retirement income?
Union Bank can work well for retirement income investors seeking PSU banking exposure with recent earnings momentum supporting the dividend.
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