The Central Board of the State Bank of India, during its meeting held on Friday, May 8, 2026, has declared a dividend of ₹17.35 per equity share for the financial year ended March 31, 2026. This dividend payout represents 1735% of the face value of each fully paid-up equity share, which stands at ₹1.
Record Date and Eligibility for Shareholders
To determine which shareholders are eligible to receive this payment, the bank has established Saturday, May 16, 2026, as the official record date.
A record date is a specific date set by a company to finalize the list of shareholders who are documented on its books as owners of the stock, thereby qualifying them to receive the declared dividend. Only those investors who hold the bank’s shares by the close of business on this date will be entitled to the payout.
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Details of Book Closure and Payment Timeline
Following the record date, the State Bank of India will initiate a book closure period starting from Sunday, May 17, 2026, through Tuesday, May 19, 2026. Both the start and end dates are included in this period.
Book closure is a process where a company temporarily suspends the transfer of shares in its records to facilitate the accurate processing of dividend payments to the identified eligible members.
The bank has scheduled the actual dividend payment date for Thursday, June 4, 2026.
About State Bank of India
State Bank of India is a prominent entity in the banking and financial services sector, operating as a public sector bank. Headquartered in Mumbai, it manages a vast scale of operations both within India and internationally. As a central pillar of the Indian financial industry, it provides a wide range of banking products and services to retail, corporate, and institutional clients.
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