SBI Card declares 25% dividend: Record date to payment date, everything to know

SBI Card 25% Dividend: SBI Card's board on Thursday approved an interim dividend of Rs 2.5 per share -- a 25 per cent payout given the face value of Rs 10 per equity share. This marks a second dividend by the company this financial year. In February, it had announced a similar dividend of Rs 2.5 per share.

SBI Card Dividend | Record date

The card issuer has set Wednesday, March 11, as the record date for for the latest payout.

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SBI Card Dividend | Payment date

The dividend will be paid on or before April 3, according to a regulatory filing by the company.

SBI Card shares

Earlier on Thursday, SBI Card shares ended 0.6 per cent higher at Rs 730.4 apiece on BSE in a Mumbai market that rebounded after three days of across-the-board heavy selling.

SBI Card Q3 FY26 Results | A summary

In January, the company reported an in-line set of results for the December quarter. Here's a point-by-point summary:

Profit

SBI Card reported a net profit of Rs 557 crore for the quarter ended December 31, marking an increase of 45.3 per cent over the corresponding period a year ago.

Interest income

SBI Card's net interest income (NII) -- a key measure of profitability for lenders -- increased 11.5 per cent to Rs 1,751 crore, according to a regulatory filing.

Asset quality

SBI Card's asset quality remained largely stable. Its gross non-performing assets (GNPAs) as a percentage of total loans came in at 2.86 per cent for the December quarter, as against 2.80 per cent for the previous three months.

Its net non-performing assets (NNPAs) stood at 1.28 per cent, as against 1.30 per cent for the previous quarter.

PAT & NII vs estimates

According to Zee Business research, SBI Card was estimated to register a net profit of Rs 600 crore with Rs 1,571 crore in NII.

Here are answers to a frequently asked questions (FAQs) on the subject:

What is a dividend?

A dividend is a type of corporate actions that enables a listed company to share a portion of its profits with its shareholders.

Companies typically declare dividends when they have surplus earnings and want to reward investors for holding their shares.

What is a record date?

The record date is the cut-off date set by a listed company to determine which shareholders are eligible to receive a dividend or other corporate benefits like bonus shares.

What is a payment date?

It is the actual day when the company actually distributes the dividend to eligible shareholders.

On this date, the dividend amount is credited to investors’ bank accounts linked to their demat accounts.

What dividend has SBI Card announced?

SBI Card has announced an interim dividend of Rs 2.5 per share -- a 25 per cent payout given the face value of Rs 10 per share.

What is the record date for this dividend?

The company has set March 11 as the record date.

When will the SBI Card dividend be paid?

According to the card issuer, the dividend will be paid on or before April 3.

How much dividend will investors receive?

Shareholders will receive Rs 2.5 for every share they hold as of the record date.

Do you need to buy shares before the record date to be eligible to receive the said dividend?

Yes.