SBI Card board to consider interim dividend on March 21, record date fixed

“A meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, March 21, 2023, to consider, inter alia, the declaration and payment of interim dividend, if any, common share of the company, for the financial year 2022-23,” the company said in a regulatory filing.

SBI promoted pure-play credit card company has fixed March 29 as the date enter date To determine the eligibility of shareholders for the proposed dividend.

The interim dividend will be paid to those shareholders whose names appear in the register of members of the company or in the records of the depositories as beneficial owners of the shares as on March 29, which is the record date, the company said.

SBI Card has declared two dividends with effect from May 15, 2020. In the last 12 months, SBI Card has declared equity dividend 2.50 per share, according to Trendline data.

at the current share price of 727.70, resulting in a dividend yield of 0.34 percent.

SBI Card Share

Settlement of shares of SBI Cards & Payment Services Ltd. 728.00, down 0.73 per cent, in Thursday’s trade. it hit a one-day high 733.5 and less 720.0 respectively during the day.

The stock quoted a 52-week high 1028.75 and the low price of 656.1.

SBI Card has an average target of 1035.4 and the consensus estimate represents an upside potential of 42.28 percent from its current levels, Trendline data suggests.