Dividend Payout Trends of Indian Banks
Dividend Payout Trends of Indian Banks
TABLE - 2
TABLE - 3
TABLE - 4
TABLE - 5
TABLE - 6
TABLE - 8
TABLE - 9
TABLE - 10
TABLE - 11
TABLE - 12
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
df SS MS
Regression 1 21.50684 21.50684
Residual 8 144.6504 18.0813
Total 9 166.1572
Table 3 : Actual and Trend values of Dividend Payout (In Percentage) ofAndhra Bank (2006 to 2
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
Andhra Bank 2009 83.99 61.07
2010 34.15 55.77
2011 33.29 50.47
2012 33.27 45.17
2013 84.93 39.87
2014 24.53 34.57
2015 23.15 29.27
2016 21.78 23.97
2017 14.74 18.67
2018 18.39 13.37
Mean 37.22
S.D. 25.74
C.V. 69.15
Yc= 66.37231 – 5.30052X (X- in Units of years and Yc – in Percentage of Dividend Payout)
df SS MS
Regression 1 2317.884 2317.884
Residual 8 3643.175 455.3969
Total 9 5961.059
Table 5 : Actual and Trend values of Dividend Payout (In Percentage) ofAndhra Bank (2006 to 2
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
Bank of Baroda 2009 22.96 20.74
2010 22.36 20.61
2011 22.02 20.49
2012 16.09 20.36
2013 20.39 20.24
2014 16.99 20.12
2015 15.48 19.99
2016 22.06 19.87
2017 21.67 19.74
2018 21.77 19.62
Mean 20.18
S.D. 2.85
C.V. 14.13
Yc= 20.86289 – 0.12452X(X- in Units of years and Yc – in Percentage of Dividend Payout)
Table 7 : Actual and Trend values of Dividend Payout (In Percentage) ofAndhra Bank (2006 to 2
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
Bank of India 2009 20.43 17.59
2010 15.4 17.6
2011 12.54 17.62
2012 15.92 17.64
2013 23.98 17.66
2014 17.48 17.67
2015 17.1 17.69
2016 24.72 17.71
2017 12.57 17.73
2018 16.52 17.75
Mean 17.67
S.D. 4.21
C.V. 23.83
Yc= 17.56883 + 0.017682X(X- in Units of years and Yc – in Percentage of Dividend Payout)
df SS MS
Regression 1 0.025795 0.025795
Residual 8 159.4136 19.92671
Total 9 159.4394
Table 9 : Actual and Trend values of Dividend Payout (In Percentage) ofBank of Maharashtra (2006
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
Bank of Maharashtra 2009 32.91 44.77
2010 31.55 42.99
2011 26.1 41.2
2012 17.14 39.42
2013 133.23 37.63
2014 37.61 35.85
2015 29.69 34.06
2016 19.78 32.28
2017 21.05 30.49
2018 18.31 28.71
Mean 36.74
S.D. 34.60
C.V. 94.17
Yc= 46.556 – 1.78493X (X- in Units of years and Yc – in Percentage of Dividend Payout)
df SS MS
Regression 1 262.8425 262.8425
Residual 8 10510.87 1313.859
Total 9 10773.71
Table 11 : Actual and Trend values of Dividend Payout (In Percentage) ofCorporation Bank (2006 to
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
Canara Bank 2009 78.31 658.44
2010 2,077.35 565.12
2011 101.66 471.8
2012 28.72 378.48
2013 14.79 285.16
2014 12.08 191.85
2015 14.58 98.53
2016 19.4 5.21
2017 19.29 -88.11
2018 18.88 -181.43
Mean 238.51
S.D. 646.83
C.V. 271.20
Yc= 751.7603 – 93.3191X (X- in Units of years and Yc – in Percentage of Dividend Payout)
Table 13 : Actual and Trend values of Dividend Payout (In Percentage) ofBank of Maharashtra (2006
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
Corporation Bank 2009 22.67 22.49
2010 25.01 22.16
2011 20.07 21.83
2012 20.47 21.5
2013 20.03 21.16
2014 20.86 20.83
2015 20.37 20.5
2016 20.13 20.17
2017 19.89 19.84
2018 20.47 19.51
Mean 21.00
S.D. 1.62
C.V. 7.71
Yc= 22.82204 – 0.33167X (X- in Units of years and Yc – in Percentage of Dividend Payout)
df SS MS
Regression 1 9.075397 9.075397
Residual 8 14.52492 1.815615
Total 9 23.60032
Table 15 : Actual and Trend values of Dividend Payout (In Percentage) ofCity Union Bank (2006 to
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
City Union Bank 2009 15.73 17.52
2010 19.65 17.2
2011 19.64 16.87
2012 16.01 16.55
2013 14.57 16.23
2014 12.73 15.9
2015 15.64 15.58
2016 16.61 15.26
2017 13.45 14.93
2018 16.63 14.61
Mean 16.07
S.D. 2.28
C.V. 14.18
Yc= 17.84325 – 0.32322 X (X- in Units of years and Yc – in Percentage of Dividend Payout)
df SS MS
Regression 1 8.619012 8.619012
Residual 8 38.11649 4.764561
Total 9 46.7355
Table 17 : Actual and Trend values of Dividend Payout (In Percentage) ofFederal Bank (2006 to 2
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
Federal Bank 2009 13.31 15.45
2010 11.7 16.11
2011 19 16.77
2012 18.12 17.43
2013 19.45 18.08
2014 26.13 18.74
2015 20.42 19.4
2016 18.06 20.06
2017 20.13 20.71
2018 17.82 21.37
Mean 18.41
S.D. 3.94
C.V. 21.40
Yc= 14.79468 + 0.657809X (X- in Units of years and Yc – in Percentage of Dividend Payout)
Table 18 : ANOVA of Dividend Payout Trend of Federal Bank
df SS MS
Regression 1 35.69885 35.69885
Residual 8 104.0039 13.00049
Total 9 139.7027
Table 19 : Actual and Trend values of Dividend Payout (In Percentage) ofHDFC Bank (2006 to 20
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
HDFC 2009 19.54 19.25
2010 19.42 19.2
2011 18.89 19.14
2012 18.92 19.09
2013 18.3 19.03
2014 19.24 18.98
2015 19.14 18.93
2016 19.06 18.87
2017 18.8 18.82
2018 18.76 18.76
Mean 19.01
S.D. 0.36
C.V. 1.89
Yc= 19.30345 – 0.05402 X (X- in Units of years and Yc – in Percentage of Dividend Payout)
df SS MS
Regression 1 0.240765 0.240765
Residual 8 0.919432 0.114929
Total 9 1.160198
Table 21 : Actual and Trend values of Dividend Payout (In Percentage) ofICICI Bank (2006 to 20
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
ICICI Bank 2009 31.38 34.7
2010 32.91 33.35
2011 36.13 32
2012 34.24 30.66
2013 28.65 29.31
2014 26.46 27.97
2015 24.89 26.62
2016 24.02 25.28
2017 24.06 23.93
2018 23.67 22.58
Mean 28.64
S.D. 4.70
C.V. 16.42
Yc= 36.04233 – 1.3459X (X- in Units of years and Yc – in Percentage of Dividend Payout)
df SS MS
Regression 1 149.4435 149.4435
Residual 8 49.47915 6.184894
Total 9 198.9226
Table 23 : Actual and Trend values of Dividend Payout (In Percentage) ofKotak Mahindra Bank (2006
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
Kotak Mahindra Bank 2009 2.67 3.29
2010 4.25 3.19
2011 2.61 3.08
2012 3.98 2.98
2013 2.27 2.87
2014 2.35 2.77
2015 2.43 2.66
2016 2.39 2.56
2017 2.56 2.45
2018 2.69 2.35
Mean 2.82
S.D. 0.70
C.V. 24.76
Yc= 3.393755 – 0.10431X (X- in Units of years and Yc – in Percentage of Dividend Payout)
Table 24 : ANOVA of Dividend Payout Trend of Kotak Mahindra Bank
df SS MS
Regression 1 0.897585 0.897585
Residual 8 3.488999 0.436125
Total 9 4.386584
Table 25 : Actual and Trend values of Dividend Payout (In Percentage) ofKarurVysya Bank (2006 to
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
KarurVysya Bank 2009 51.29 51.61
2010 86.62 48.38
2011 31.08 45.15
2012 27.45 41.92
2013 19.44 38.69
2014 30.95 35.46
2015 29.91 32.23
2016 27.27 29
2017 32.59 25.77
2018 34.12 22.54
Mean 37.07
S.D. 19.18
C.V. 51.73
Yc= 54.83553 – 3.2299X (X- in Units of years and Yc – in Percentage of Dividend Payout)
df SS MS
Regression 1 860.6598 860.6598
Residual 8 2449.619 306.2024
Total 9 3310.279
Table 27 : Actual and Trend values of Dividend Payout (In Percentage) ofLakshmi Vilas Bank (2006 t
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
Lakshmi Vilas Bank 2009 21.73 21.03
2010 19.42 20.55
2011 28.95 20.07
2012 21.02 19.59
2013 19.08 19.11
2014 24.11 18.63
2015 31.9 18.14
2016 31.95 17.66
2017 16.35 17.18
2018 27.09 16.7
Mean 24.16
S.D. 5.55
C.V. 22.97
Yc = 21.51381 – 0.48146X (X- in Units of years and Yc – in Percentage of Dividend Payout)
df SS MS
Regression 1 19.12378 19.12378
Residual 8 258.0378 32.25472
Total 9 277.1615
Table 29 : Actual and Trend values of Dividend Payout (In Percentage) ofOriental Bank of
Commerce (2006 to 2015)
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
Oriental Bank of 2009 19.59 16.59
Commerce
2010 13.17 17.07
2011 14 17.56
2012 20.54 18.05
2013 20.09 18.54
2014 20.19 19.03
2015 20.19 19.52
2016 20.21 20.01
2017 20 20.5
2018 19.91 20.99
Mean 18.79
S.D. 2.76
C.V. 14.69
Yc= 16.09539 + 0.489764X (X- in Units of years and Yc – in Percentage of Dividend Payout)
Mean 18.79
S.D. 2.76
C.V. 14.69
Yc= 16.09539 + 0.489764X (X- in Units of years and Yc – in Percentage of Dividend Payout)
df SS MS
Regression 1 19.7892 19.7892
Residual 8 48.77788 6.097235
Total 9 68.56708
Table 31 : Actual and Trend values of Dividend Payout (In Percentage) ofPunjab National
Bank (2006 to 2015)
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
Punjab National Bank 2009 12.62 19.1
2010 19.34 18.86
2011 21.97 18.63
2012 23.25 18.39
2013 20.48 18.16
2014 17.8 17.92
2015 14.85 17.69
2016 19.26 17.45
2017 12.79 17.22
2018 18.01 16.98
Mean 18.04
S.D. 3.64
C.V. 20.15
Yc= 19.33005 – 0.23484X (X- in Units of years and Yc – in Percentage of Dividend Payout)
df SS MS
Regression 1 4.549884 4.549884
Residual 8 114.3852 14.29815
Total 9 118.9351
Table 33 :Actual and Trend values of Dividend Payout (In Percentage) ofState Bank of
Bikaner & Jaipur (2006 to 2015)
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
State Bank of Bikaner 2009 22.41 18.9
& Jaipur
2010 16.35 18.28
2011 15.87 17.66
2012 14.87 17.04
2013 15.82 16.42
2014 18.23 15.8
2015 15.57 15.18
2016 15.43 14.56
2017 13.68 13.95
2018 12.89 13.33
Mean 16.11
S.D. 2.64
C.V. 16.41
Yc= 19.51465 – 0.61881X (X- in Units of years and Yc – in Percentage of Dividend Payout)
Table 34 : ANOVA of Dividend Payout Trend of State Bank of Bikaner & Jaipu
df SS MS
Regression 1 31.59103 31.59103
Residual 8 31.34101 3.917626
Total 9 62.93204
Table 35 :Actual and Trend values of Dividend Payout (In Percentage) ofState Bank of India
(2006 to 2015)
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
State Bank of India 2009 13.32 13.58
2010 10.24 13.94
2011 15.15 14.31
2012 16.81 14.67
2013 16.23 15.03
2014 17.83 15.39
2015 15.31 15.76
2016 15.84 16.12
2017 15.8 16.48
2018 15.58 16.84
Mean 15.21
S.D. 2.10
C.V. 13.79
Yc= 13.21849 + 0.362485X (X- in Units of years and Yc – in Percentage of Dividend Payout)
df SS MS
Regression 1 10.8401 10.8401
Residual 8 28.7489 3.593612
Total 9 39.58899
Table 37 :Actual and Trend values of Dividend Payout (In Percentage) ofState Bank of
Mysore (2006 to 2015)
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
State Bank of Mysore 2009 14.95 13.94
2010 14.44 13.22
2011 11.29 12.49
2012 10.69 11.76
2013 8.08 11.03
2014 9.35 10.31
2015 12.68 9.58
2016 12.93 8.85
2017 5.25 8.13
2018 7.05 7.4
Mean 10.67
S.D. 3.22
C.V. 30.14
Yc= 14.67085 – 0.72731X (X- in Units of years and Yc – in Percentage of Dividend Payout)
df SS MS
Regression 1 43.6404 43.6404
Residual 8 49.42658 6.178323
Total 9 93.06698
Table 39 : Actual and Trend values of Dividend Payout (In Percentage) ofState Bank of
Travancore
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
df SS MS
Regression 1 42.96963 42.96963
Residual 8 126.7648 15.84561
Total 9 169.7345
Table 41 : Actual and Trend values of Dividend Payout (In Percentage) ofSouth Indian Bank
(2006 to 2015)
TREND VALUES
BANK YEAR DPR (Yc=a+bx)
South Indian Bank 2009 24.9 18.64
2010 16.91 18.92
2011 17.89 19.2
2012 17.41 19.48
2013 19.34 19.75
2014 19.31 20.03
2015 16.95 20.31
2016 18.68 20.59
2017 21.19 20.87
2018 26.37 21.14
Mean 19.89
S.D. 3.31
C.V. 16.63
Yc = 18.36723 + 0.277544X (X- in Units of years and Yc – in Percentage of Dividend Payout)
df SS MS
Regression 1 6.355015 6.355015
Residual 8 92.19147 11.52393
Total 9 98.54648
Percentage) ofAllahabad Bank (2006 to 2015)
0
2009 2
Payout Trend of Allahabad Bank
F Significance F
1.189453 0.307196
100
40.66
39.63
39.61
101.12
29.2
27.56
25.93
17.55
21.89
F Significance F
5.08981 0.054054
100
97.42
95.92
70.08
88.81
74.02
67.42
96.08
94.4
94.85
100
75.35
61.37
77.91
117.38
85.52
83.69
120.98
61.53
80.83
F Significance F
0.001294 0.715833
100
95.88
79.32
52.09
404.85
114.3
90.23
60.11
63.97
55.63
F Significance F
0.200054 0.666539
100
2652.8
129.82
36.68
18.88
15.43
18.62
24.77
24.63
24.12
100
110.34
88.55
90.31
88.39
92.04
89.87
88.82
87.77
90.32
F Significance F
4.998525 0.055795
100
124.94
124.86
101.79
92.61
80.94
99.43
105.62
85.53
105.75
F Significance F
1.808984 0.215512
100
87.91
142.8
136.18
146.19
196.37
153.51
135.7
151.3
133.92
F Significance F
2.745963 0.13609
100
99.43
96.67
96.84
93.66
98.46
97.98
97.58
96.2
96.02
F Significance F
2.094904 0.185815
F Significance F
24.16266 0.001171
100
159.3
97.89
149.22
85.12
88.3
91.08
89.76
95.98
101.07
F Significance F
2.058091 0.189312
100
168.87
60.59
53.52
37.9
60.34
58.31
53.16
63.53
66.52
F Significance F
2.810754 0.132159
100
89.37
133.21
96.73
87.78
110.92
146.77
147.03
75.25
124.67
F Significance F
0.592899 0.463429
100
67.24
71.5
104.88
102.59
103.09
103.09
103.21
102.12
101.64
F Significance F
3.245602 0.109293
100
153.28
174.09
184.27
162.31
141.02
117.66
152.65
101.38
142.72
F Significance F
0.318215 0.588144
yout (In Percentage) ofState Bank of
to 2015)
100
72.97
70.83
66.37
70.59
81.33
69.47
68.87
61.05
57.5
F Significance F
8.06382 0.021822
100
76.87
113.71
126.13
121.82
133.81
114.89
118.92
118.6
116.95
F Significance F
3.016491 0.120629
100
96.62
75.52
71.47
54.02
62.53
84.8
86.52
35.13
47.14
F Significance F
7.06347 0.028908
yout (In Percentage) ofState Bank of
100
79.28
67
55.32
60.49
63.98
91.22
84.12
21.25
54.82
F Significance F
2.71177 0.138226
100
67.9
71.85
69.92
77.67
77.57
68.1
75.03
85.09
105.92
F Significance F
0.551462 0.478956
Actual and Trend percentage of Dividend Payout of Allahabad Bank
30
25
20
DPR
Mean
15
10
0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Regression 1 860.6598 860.6598 2.810754 0.132159
Residual 8 2449.619 306.2024
Total 9 3310.279