Bank of Baroda
Bank of Baroda Leads in Dividend Yield Among Major Banks for FY26
Bank of Baroda recorded the highest annual dividend yield at 3.34% for the financial year 2025-26 among a group of major public and private sector banks, based on data as of September 28, 2025. The calculation considered the total dividend paid in FY26 relative to the share price on that date.
Canara Bank followed with a dividend yield of 3.48%, Punjab National Bank at 2.73%, and State Bank of India at 1.99%. Among private sector lenders, HDFC Bank reported a yield of 1.80%, ICICI Bank at 0.89%, Axis Bank at 0.16%, and another private bank (referred to in the source as having a share price of ₹1,209.90) at 0.08%.
Share price movements on September 28, 2025, showed declines across most banks: SBI fell 2.14% to ₹962 on NSE, HDFC Bank dropped 2.30% to ₹718.85 on BSE, ICICI Bank decreased 1.81% to ₹1,302 on NSE, and Axis Bank slipped 1.02% to ₹1,209.90 on NSE. Public sector banks also traded lower, with Canara Bank down 3.47% to ₹120.65, PNB down 3.43% to ₹112.60, and Bank of Baroda down 3.30% to ₹227.30 on NSE.
The article notes that dividend yield reflects the return from dividends relative to stock price but cautions that it should not be the sole factor in investment decisions, emphasising the need to assess dividend sustainability. Returns over one and three years were also cited for each bank, showing varied performance, with SBI delivering 12.26% in one year and Canara Bank and Bank of Baroda showing around 61% and 8% returns over three years, respectively.
The comparison focused on the top four public and four private sector banks by market capitalisation, using FY26 dividend data and closing prices from September 28, 2025, as the benchmark for yield calculation.
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