PNB dividend 2026: Rs 3 payout, Q4 profit up 14.4% YoY

What PNB announced on May 5

Punjab National Bank (PNB) reported its March-quarter (Q4 FY26) results on Tuesday, May 5, alongside a dividend recommendation for shareholders. The public sector lender reported a standalone net profit of ₹5,225.11 crore for the quarter ended March 31, 2026. The bank’s board also approved a final dividend for FY 2025-26.

The dividend proposal is subject to shareholder approval at the bank’s ensuing Annual General Meeting (AGM), as noted in the bank’s stock exchange filing. For investors tracking PSU bank payouts, the combination of quarterly earnings and a final dividend decision is a key event because it links profitability, capital distribution, and timelines for eligibility.

Final dividend: ₹3 per share, 150% on face value

PNB’s board recommended a dividend of ₹3 per equity share for FY26. The face value of each equity share is ₹2, making the dividend 150% of face value.

In its BSE filing, the bank stated that the recommended dividend is subject to approval of shareholders at the AGM. Until that approval comes through, the amount remains a recommendation, not a finalised payout.

Record date: June 13, 2026

PNB fixed June 13, 2026 (Saturday) as the record date for determining shareholder eligibility for the dividend. Investors must own the stock on or before the record date to be eligible for the payout.

The provided text also includes a line that reads: “The Record Date for payment of Dividend will be Saturday, 1381 June, 2026.” Since the same source context clearly specifies June 13 as the record date, June 13, 2026 is the operative date referenced.

Q4 FY26 profit rises, but core interest income moderates

PNB reported Q4 FY26 net profit of ₹5,225 crore, representing a 14.4% year-on-year increase versus Q4 FY25. The rise in profit came even as net interest income (NII) declined.

NII fell about 3.5% year-on-year to ₹10,380 crore from ₹10,757 crore in the year-ago quarter. The bank’s domestic net interest margin (NIM) was reported at 2.61% for Q4 FY26, compared with 2.96% in the previous fiscal year, narrowing by around 30 basis points.

Operating profit improves in Q4 and for the full year

On profitability before provisions and taxes, PNB reported operating profit of ₹7,500 crore in Q4 FY26, up 10.7% from ₹6,776 crore in Q4 FY25. For the full year FY26, operating profit stood at ₹29,290 crore, reflecting 9.2% annual growth.

These operating numbers matter because they indicate how the bank’s core operating performance moved even as NII softened. They also form a base for how much room a bank may have for provisions, growth investments, and shareholder payouts.

Asset quality trends: GNPA and NNPA ratios ease

PNB’s asset quality improved sequentially, based on the metrics provided. Gross non-performing assets (GNPA) ratio eased to 2.95% in Q4 from 3.19% in the previous quarter.

Net NPA (NNPA) ratio narrowed to 0.29% from 0.32% quarter-on-quarter. Separately, the text also notes the NNPA ratio improved by 11 basis points year-on-year to 0.29% as on March 31, 2026.

Key ratios and per-share earnings

PNB reported a return on assets (ROA) of 1.06% for the quarter, improving by 4 basis points. Earnings per share (EPS) rose to ₹4.55 in Q4 FY26 from ₹3.97 in Q4 FY25, a year-on-year increase of 14.6%.

While EPS is not the same as dividend capacity, investors often track EPS alongside dividend announcements to gauge whether payouts are broadly aligned with profitability trends.

Full-year profit and consolidated numbers mentioned

Along with the quarter’s standalone performance, the text also cites full-year profit figures. For FY 2025-26, PNB’s total profit was stated at about ₹16,904 crore.

On a consolidated basis, Q4 profit was mentioned at about ₹5,592 crore, while full-year consolidated profit was about ₹18,393 crore. These numbers are relevant for readers comparing standalone bank performance versus the group’s combined results.

Dividend history referenced: FY23 to FY25

The article text also points to how PNB’s dividend has changed in recent years. It mentions that the bank paid a dividend of ₹0.65 per share in FY 2022-23. It also states that the dividend increased to ₹2.90 per share in FY 2024-25.

Against that backdrop, the FY26 recommended dividend of ₹3 per share represents a further increase in the per-share payout compared with FY25, subject to shareholder approval.

Stock and market context cited in the text

The provided content mentions that PNB shares were at ₹108.09 on Tuesday. It also states that the bank’s market capitalisation is above ₹125,000 crore.

The same text claims PNB stock delivered about 10% return over one year and more than 100% over three years. These figures are presented as performance context alongside the earnings and dividend update.

Summary table of key announced figures

Why this update matters for shareholders

For shareholders, the main actionable datapoints are the dividend amount (₹3 per share), the record date (June 13, 2026), and the fact that the dividend is subject to AGM approval. For the market, the results show profit growth in Q4 FY26, accompanied by a decline in NII and a lower domestic NIM, alongside improvements in asset quality ratios.

The next formal step in the dividend process is shareholder approval at the ensuing AGM, after which the bank can proceed with payment as per the communicated timelines and eligibility rules.