State Bank of India (SBI), the country’s largest public sector bank, has announced a final dividend of ₹17.35 per equity share for the financial year ending March 31, 2026.
The decision was approved by the bank’s Central Board under SEBI’s Listing Obligations and Disclosure Requirements (LODR) regulations.
The announcement is important for investors looking to earn dividend income from SBI shares.
What Does 1,735% Dividend Mean?
SBI has declared a dividend payout of 1,735% on the face value of ₹1 per equity share.
In simple terms, shareholders will receive:
₹17.35 for every SBI share they hold
For example:
If an investor owns 100 shares, they will receive ₹1,735 as dividend
Investors holding 500 shares will get ₹8,675
The dividend reflects SBI’s continued focus on rewarding shareholders after reporting its FY26 financial results.
SBI Record Date: Who Will Get the Dividend?
SBI has fixed May 16, 2026 as the record date for dividend eligibility.
This means investors whose names appear in the company’s shareholder records on that date will qualify for the dividend payout.
To become eligible, investors usually need to buy shares before the ex-dividend date set by the stock exchanges.
When Will SBI Pay the Dividend?
According to the bank, the dividend payment will be made on June 4, 2026.
The amount will be credited directly to eligible shareholders through:
Bank transfer
Dividend warrant
Other approved payment methods
Why Dividend Announcements Matter
Dividend announcements are closely watched by stock market investors because they provide regular income in addition to possible share price gains.
A strong dividend payout is often seen as a sign of:
Stablefinancial performance
Healthy profits
Strong cash position
Shareholder-friendly policies
SBI’s latest dividend declaration comes at a time when many investors are actively looking for stable dividend-paying stocks in the banking sector.
