SBI Announces 150% Interim Dividend

Business News online


The central board of State Bank of India (SBI) on Monday declared 150% interim dividend for financial year 2013–14. The amount calculated would be Rs. 15 per equity share of Rs. 10, SBI said in a filing to the BSE.
The date of payment of the interim dividend is fixed as 2 April and the dividend warrants will be payable at par at all branches of SBI, irrespective of the amount, it said. Shares of SBI closed at Rs. 1,518.50 apiece, down 0.86 percent on the BSE.

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