Stock to Track: SBI Card shares set to trade ex-dividend on Tuesday; details here

SBI Card Share Price News, SBI Card Stock News, Dividend Shares: Credit card issuer SBI Card's shares are set to trade ex-dividend on Tuesday, February 24. In other words, the stock will trade without the value of its last announced payout. Read on to learn more about the latest SBI Card dividend in detail. 

When will SBI Card shares trade ex-dividend?

SBI Card shares are set to trade ex-dividend on Tuesday. 

It is at this stage that a stock's market price is adjusted to set aside the value of the payout owed to eligible investors.

Earlier, Gurugram-headquartered credit card issuer SBI Card declared an interim dividend of Rs 2.5 to its shareholders. 

SBI Card Q3 FY25 Results Summary

In January, SBI Card registered a 30 per cent year-on-year fall in its consolidated net profit to Rs 383.2 crore for the quarter ended December 31.

Its revenue grew about one per cent to Rs 4,767 crore over the year-ago period, according to a regulatory filing.

The Gurugram-based company's net interest income (NII) fell 3.5 per cent Rs 3,790.1 crore.

SBI Card clinched some improvement in its asset quality, with gross non-performing assets decreasing to 3.24 per cent of its total loans in the December quarter from 3.27 per cent in the previous three months.

SBI Card Dividend History 

ALSO READ: SBI Life Insurance to announce interim dividend for FY25; board meeting set for February 28

What are dividends? What is the purpose of issuing a dividend?

Dividends are a type of corporate action that enables listed companies to reward its investors. 

Typically, companies declare dividends as a means to share the profitability with their shareholders.  

What happens when a stock trades ex-dividend?

In most cases, trading ex-dividend leads to a decline in a stock's market price, as it trades minus the amount of the dividend. 

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