SBI Dividend 2024 Record Date, SBI Share Price

SBI

One of India's largest banks is the State Bank of India (SBI). It was first established as the Bank of Calcutta in 1806. Over several years, it merged with other banks. It's huge and significant now. SBI assists clients with financial and banking needs. It is comparable to a major bank chief. It grew even more in 2024 when its market value surpassed ₹6 lakh crore. What a large sum of money! 

SBI also supports startups. In Bengaluru, they established a unique branch exclusively for startups. It is essentially a novel initiative to support start-up companies. SBI serves a large number of individuals and companies with their financial needs, much like a large tree with many branches.

SBI Dividend 2024 Record Date

For the fiscal year 2024, the largest lender in the country, the State Bank of India, announced a substantial dividend of Rs 13.70 per equity share. In order to be eligible for this dividend payment, stockholders had to be officially registered on the company's record by the "record date."

The record date for SBI's 2024 dividend is May 22, 2024. This implies that in order to get the dividend, stockholders must own SBI shares before May 22. It's like getting invited to a party; you can't go if your name isn't on the list. In order to receive the dividend payment, stockholders must guarantee that they are the owners of SBI shares by May 22.

SBI Share Price

The current share price of the State Bank of India (SBI) is 820.70 INR as of May 15, 2024. It increased by 2.50 INR today, or 0.31%, over the previous day. During the trading day, the opening price of 821.00 INR reached its peak point of 825.30 INR and its lowest point of 818.05 INR. The market value of SBI is 7.31 lakh crore. 

A company's dividend yield, or the amount of dividends paid out in relation to share price, is 1.67%. With a CDP score of B-, SBI is considered creditworthy. The share price has fluctuated over the last 52 weeks, peaking at 839.65 INR and falling to 543.20 INR.