SBI dividend 2026: ₹17.35 payout, dates, eligibility

What SBI announced and why it matters

State Bank of India (NSE: SBIN) has declared a dividend of ₹17.35 per share for the financial year ended March 31, 2026. For shareholders, the immediate focus is on the key dates that decide who qualifies to receive the payout. Market participants also tracked SBI because it was highlighted among a set of 12 stocks turning ex-record date for dividends and other corporate actions. The update comes alongside routine market price and yield data published by market trackers.

Dividend amount and type

The declared dividend is ₹17.35 per equity share, described as a final dividend payout. Some market summaries also express it as 1,735%, a representation typically linked to face value-based percentage terms. For investors, the actionable figure remains the cash dividend per share - ₹17.35. The dividend yield cited alongside the announcement is 1.80%.

Record date, ex-date, and eligibility rules

SBI’s dividend record date is stated as 16-May-2026. Shareholders whose holdings are reflected in their demat accounts on or before the record date are eligible for the dividend. The same investor guides also note that buying shares on or after the ex-dividend date makes an investor ineligible for the payout.

The article text contains more than one reference to the ex-date. It mentions an ex-date of 16-May-2026 in one section, while another section and a dividend table list the ex/effective date as 15-May-2026, with record date 16-May-2026. Separately, a market note explains that under SEBI’s T+1 settlement, “today” becomes the last day to buy shares for eligibility when the record date is “tomorrow.”

Key dates at a glance

How T+1 settlement affects last day to buy

The market note highlights SEBI’s T+1 settlement framework as the practical reason investors often treat the day before the record date as the last purchase date. Under T+1, shares bought need to be credited to the buyer’s demat account by the next trading day for record-date eligibility. As a result, when multiple stocks turn ex-record date “tomorrow,” the trading day “today” is typically framed as the final day to buy for eligibility. SBI was identified as the most notable stock in that list.

When investors can expect the dividend credit

One section states investors can expect SBI’s dividend to be credited to the bank account linked to the demat account within 25 to 45 business days after the record date (16-May-2026). Another section specifies the dividend payment is scheduled for June 4. Both timelines are presented in the source material as guidance on expected credit timing.

SBI share price and trading snapshot around the announcement

Alongside dividend details, the article provides a snapshot of SBI’s trading data. SBI’s latest trading price is listed as ₹962.95 as of 15 May at 15:30, with a reported move of -16.60 (-1.69%). Another data point lists SBI’s current market price as ₹963.20, and separately states ₹963.20 as on 17 May, 2026.

The same snapshot reports the day’s low as ₹957.00 and day’s high as ₹972.50. The open price is listed at ₹971.20, with the previous close at ₹962.60. Over a longer window, the 52-week low is reported at ₹779.10 and the 52-week high at ₹1,234.70. The dividend yield shown alongside these price metrics is 1.80%.

Dividend history: rising payouts over four years

SBI’s disclosed dividend history shows a steady increase in the final dividend amount over the last four financial years. The figures below reflect the announcement and ex-dividend dates presented in the article.

Market context: SBI among 12 stocks with corporate actions

The market note states that investors had until “today” to purchase shares in 12 companies, including SBI and Indian Energy Exchange (IEX), to qualify for dividends, bonus issues, and stock splits that become effective the next day. It adds that eight of those stocks were set to turn ex-date for dividends the next day. The eligibility condition across corporate actions is consistent - only shareholders holding the shares in demat accounts as of the record date qualify.

What investors should verify before acting

Because the text includes multiple references to ex-date (15-May-2026 and 16-May-2026) and multiple price snapshots across dates, investors typically cross-check the exchange notice and their broker’s corporate action calendar for the final cut-off. The record date is consistently stated as 16-May-2026 in the provided data. For dividend capture decisions, the key practical point highlighted is T+1 settlement and the need for shares to be credited by the record date.

Conclusion

SBI has declared a final dividend of ₹17.35 per share for FY26, with record date set at 16-May-2026 and a scheduled payment date of June 4. Investors tracking eligibility should focus on the record date and the ex-date details listed in their official corporate action timelines under the T+1 settlement framework.