SBI Sets Dividend Settlement Date; Determine Payment Date and Other Particulars
Updated Announcement from SBI: Dividend Payment Details
Hey there! The state-run behemoth, State Bank of India (SBI), has dropped some exciting news—they've declared their final dividend for the fiscal year ending March 31, 2025.
So, here's the scoop: SBI shareholders are in for a treat with a dividend issue of a whopping Rs 15.90 per share[1]. According to SBI's filing, the dividend payout is set at 1590%[2].
Now, let's talk dates. The record date for figuring out who gets their hands on that sweet, sweet dividend is May 16, 2025. To be eligible for the cash rain, ensure you're on SBI's list by then. But heads up, the bank's member register will close from May 17-19, 2025, for the financial year 2024-25 to process those dividends[2]. Fret not, as the cheques will be in the mail by May 30, 2025[1].
In the last fiscal year (FY25), SBI reported a jaw-dropping 17.89% increase in operating profit, surpassing the Rs 1.10 lakh crore mark[3]. Their Q4 earnings showed an impressive 8.83% growth in comparison to the previous year, with an operating profit of Rs 31,286 crore[3].
The bank's net profit for FY25 climbed 16.08% year-on-year, totaling Rs 70,901 crore[3]. For the quarter, the profit after tax (PAT) jumped to Rs 20,698 crore, up from Rs 16,891 crore in the previous quarter[3].
As for the net interest income (NII), it saw a 4.43% bump in FY25. For the Q4, the net interest income increased by a smidgeon of 2.7% and amounted to Rs 42,775 crore[3]. Pretty impressive numbers, huh?
Stay tuned for more financial updates from the banking world! 💸🔔
[1] https://www.ibef.org/industry/sbi-declares-final-dividend-15-90[2] https://economictimes.indiatimes.com/markets/stocks/news/sbi-declares-final-dividend-of-rs-15-90-for-fy25/articleshow/99586032.cms[3] https://www.thehindubusinessline.com/markets/sbi-q4-profit-jumps-8-83-to-rs-31286-crore/article31524601.ece
Investing in SBI's shares could yield a significant return with the announcement of a final dividend of Rs 15.90 per share. This dividend payout is part of SBI's robust business strategy, demonstrating the bank's strong performance in the fiscal year ending March 31, 2025.
