SBI Card dividend 2023 record date fixed; board meeting on THIS date

SBI Card Share Dividend: SBI Card has fixed the record date for the payment of first interim dividend of FY 23 to its shareholders. The credit card company's board will meet on Monday, March 21, to consider and approval the payment of dividend.

"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 filing said.  

SBI Card Share Dividend Record date 2023

SBI Card has already fixed the record date for the payment of the interim dividend.

"The interim dividend, if declared, shall be paid to the equity shareholders of the Company 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 Wednesday, March 29, 2023 which is the "Record Date" fixed by the Company for the purpose," the filing said.

SBI Card Share Price

Shares of SBI Card traded in red on D Street today, quoting at Rs 726 apiece, down by 1 per cent. 

SBI Card shares have delivered a negative return of 9 per cent in 2023 so far. The stock has corrected 22 per cent in the past 6 months.

At the current level, the company has a market cap of Rs 68.69 thousand crores. The stock's 52-week range is Rs 1,028.65 - Rs 655.70.

SBI Card IPO Details 

SBI Cards IPO was listed on March 16, 2020 below the IPO price of Rs 755 on the exchanges-- National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). 

How To Calculate Dividend

To calculate dividend yield, one needs to divide the annual dividends paid per share by the price per share. For instance, if a company paid out around Rs 500 in dividends per share and its shares currently cost Rs 10,000, its dividend yield would be 5 per cent.

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