Key Points of SBI Cards Interim Dividend for FY 2022-23:
- SBI Cards and Payment Services Ltd will announce an interim dividend for FY 2022-23 on March 21, 2023.
- The company is a pure-play credit card business promoted by SBI.
- March 29, 2023, has been set as the record date for determining shareholder eligibility for the proposed dividend.
- Shareholders whose names appear on the company’s register of members or in the records of depositories as beneficial owners of the shares as of the record date will receive the interim dividend.
- This announcement follows two previous dividends declared by SBI Card since May 15, 2020.
- In the past 12 months, SBI Card has declared an equity dividend of ₹2.50 per share.
- The interim dividend announcement is expected to benefit SBI Cards and Payment Services Ltd shareholders in the upcoming fiscal year.
Details of SBI Cards Interim Dividend for FY 2022-23:
SBI Cards Set to Announce Interim Dividend for FY 2022-23
SBI Cards and Payment Services Ltd has announced that its board of directors will convene on March 21, 2023, to consider the declaration and payment of an interim dividend for fiscal year 2022-23. The company, which is a pure-play credit card business promoted by SBI, has also set March 29, 2023, as the record date for determining shareholder eligibility for the proposed dividend.
According to a regulatory filing by the company, the interim dividend will be paid to shareholders whose names appear on the company’s register of members or in the records of depositories as beneficial owners of the shares as of the record date. This announcement follows two previous dividends declared by SBI Card since May 15, 2020, amounting to ₹2.50 per share in the past 12 months, according to data from Trendlyne.
Stay tuned for more updates on SBI Cards and Payment Services Ltd’s interim dividend announcement, which is expected to benefit its shareholders in the upcoming fiscal year.
About SBI Card:
SBI Cards & Payment Services Ltd., formerly named SBI Cards & Payment Services Pvt. Ltd., is an Indian-based company that specializes in credit card services and payment solutions. SBI Card was introduced in October 1998 through a partnership between State Bank of India, the country’s biggest bank, and GE Capital.
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