SBI Cards interim dividend record date fixed; board meeting on March 21

17 Mar 2023 , 04:00 PM

SBI Card board will hold meeting on March 21 to consider and declare interim dividend for the financial year 2022-2023. The company has fixed record date for the payment as March 29, to determine the eligibility of shareholders.

The company said in its filing that, “We hereby inform that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, March 21 , 2023, inter alia, to consider declaration and payment of the Interim Dividend, if any, on the Equity Shares of the Company, for the financial year 2022-23.”

The company will pay interim dividend to the shareholders whose names appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares as on March 29, which is the record date.

SBI’s shares go ex-dividend a day or two before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment.