Rs. 2.50 Dividend: SBI Card Confirms Payout & Record Dates; Should You Buy The Shares?

An interim dividend for FY26 has been announced by SBI Cards and Payment Services Limited, a well-known non-banking financial company (NBFC) in India. Following the dividend announcement, SBI Cards and Payment Services Ltd (SBICARD) shares closed at Rs 722.10 on the NSE as of 6 March 2026, marking a drop of 1.16% from the previous session's close of Rs 730.55. The stock peaked at Rs 735.45 and fell to Rs 720.60 throughout the trading day. The share price has undergone dramatic shifts over the last year, reaching a 52-week high of Rs 1,027.25 and a 52-week low of Rs 717.80, putting current prices close to the bottom of its yearly range.

SBI Card Dividend

"In continuation of our letter dated February 27, 2026, intimating about the Board Meeting to be held on March 5, 2026, we wish to inform you that the Board of Directors of the Company, at its meeting held today, has inter alia, declared an Interim Dividend of Rs. 2.50/- (Rupees Two and Fifty Paise) (25%) per equity share (face value of Rs. 10 / - each) of the Company for the financial year 2025-26. The Record Date for the purpose of determining the entitlement of payment of Interim Dividend is Wednesday, March 11, 2026 and the said Interim Dividend will be credited/ dispatched on or before April 3, 2026," SBI Cards and Payment Services stated in a regulatory statement.

SBI Card Dividend History & Yield

Since its listing in 2020, SBI Cards and Payment Services Ltd. (SBICARD) has consistently paid interim dividends. According to MoneyControl, the firm has issued six dividends as of March 2026, continuing a consistent distribution of Rs 2.50 per share for the previous five fiscal years. At the current market price, SBI Cards' dividend yield as of early March 2026 is around 0.35%. SBI Cards & Payment Services Ltd. has distributed a dividend of Rs 6.00 per share for the last 12 months.

SBI Card Target Price

"SBI Cards is in a pretty tight spot right now. The stock has been under heavy selling pressure lately and is hanging dangerously close to its 52-week lows around the Rs. 725 - Rs. 730 mark. But there is a silver lining that might just stop it from sliding any further. Yesterday evening, the board announced an interim dividend of Rs. 2.50 per share. With the record date coming up fast on Wednesday, March 11, we are likely going to see some short-term buying step in as traders try to grab that payout. That extra dividend-driven demand should be enough to help the stock build a solid base around Rs. 720 for the time being," commented Market Wizard's Adib Noorani on Friday.

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