This SBI Group Stock Approves Declaring Its Second Interim Dividend

SBI group company, SBI Life Insurance Company Ltd recently announced its second interim dividend through an exchange filing. Here are the details.

As per the filing, on March 8, 2023, the board gave its nod for the interim dividend. "SBI Life Insurance Company Limited has declared an interim dividend on equity shares of the Company of Rs 2.50/- (Two Rupees and Fifty Paisa only) per equity share with a face value of Rs.10 each (i.e. 25%) for the Financial Year 2022-23."

In the filing, the company reminded about the record date as well. "The Interim Dividend for Financial Year 2022-23 will be paid to those shareholders whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares determined with reference to the Record Date of March 16, 2023,"

The company has a good dividend track report and has consistently declared dividends for the last 5 years. Based on the recent interim dividend, at the current share price of Rs 1128.65 this results in a dividend yield of 0.22%.

The current market price of SBI Life Insurance stock was down by 0.08% on intraday basis. It's 52-week high is Rs 1,339.55 per share and 52-week low is at Rs 1,003.60 per share.

Disclaimer
The stock gives details pertaining to record date of interim dividend. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.