SBI Life announces interim dividend of Rs2 per share; stock under pressure

23 Mar 2022 , 12:06 PM

SBI Life Insurance Limited informed that the Board of Directors of the company has approved and declared an interim dividend of Rs2 per equity share (20%) with a face value of Rs10 each for the financial year 2021-22.

The company will pay an interim dividend for Financial Year 2021-22 to those 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 determined concerning the Record Date.

The company has fixed March 30, 2022, as the record date for such purposes. The company will pay the aforesaid Interim Dividend to the Shareholders on or before April 20, 2022.

SBI Life is currently trading at Rs1,088.05 down by Rs9.85 or 0.9% from its previous closing of Rs1,097.90 on the BSE. The scrip opened at Rs1,110 and has touched an intraday high and low of Rs1,117.65 and Rs1,088.05 respectively.