State Bank Of India Dividend Record Date: Last Day To Buy Shares To Qualify

Shares of State Bank of India will be of interest on Friday, as the day marks the last session for retail investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date. The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.

SBI has declared a dividend of Rs 17.35 per equity share of Re 1/- each fully paid up (i.e. 1,735%) for the year ended March 31, 2026. The record date to determine the shareholders eligible for the dividend payout has been fixed as May 16. The register of shareholders of State Bank of India will be closed in view of payment of dividend from May 17-19 (both days inclusive). The dividend payment date is fixed as June 4, 2026.

Given India's T+1 settlement cycle, shares purchased on the record date (May 16 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by May 15 will be the beneficiaries.

Dividends are a way for companies to reward shareholders. It is the portion of profits that a company distributes to its shareholders and is essentially a return on the investment shareholders make in the company's equity. Such payments are made through final, interim, and special dividends.

Dividends are taxable in the hands of the shareholders, and companies are no longer required to pay the Dividend Distribution Tax (DDT). The TDS on dividend income for resident individuals is 10% if the dividend amount exceeds Rs 5,000 in a financial year.

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