Mon, 03 Mar 2014 22:15:00 GMT | By PTI

SBI declares 150% interim dividend

Bank will pay Rs. 15 per share, with date of payment fixed as April 2

SBI declares 150% interim dividend (© Reuters)

State Bank of India (SBI) announced 150 per cent or Rs. 15 per share interim dividend for 2013-14.

The central board of the bank, on Monday, declared an interim dividend at the rate of Rs. 15 per equity share of Rs. 10 each, SBI said in a filing to the BSE.

The date of payment of the interim dividend is fixed as April 2 and the dividend warrants will be payable at par at all branches of State Bank of India, irrespective of the amount, it said.

Shares of SBI closed at Rs. 1,518.50 apiece, down 0.86 per cent on the BSE.

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