SBI Life Insurance has announced that its Board of Directors will meet on February 28, to consider and declare the payment of an interim dividend for the financial year 2024-25.
The company has set Friday, March 7, as the record date to determine eligible shareholders for the dividend.
Board meeting and record date confirmation
In an exchange filing to the stock exchanges on Monday, SBI Life said, “We wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, February 28, 2025, to consider and declare payment of Interim Dividend on equity shares of the Company for the Financial Year 2024-25.”
The company further added, “The record date for determining the shareholders for the payment of Interim Dividend for FY 2024-25, if any, declared by the Board of Directors of the Company shall be Friday, March 07, 2025.”
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As per the regulatory filing, SBI Life also announced a temporary trading restriction on its equity shares. The company informed that the trading window will remain closed from February 24, 2025, to March 2, 2025.
The BSE filing said, “The window for trading in the equity shares of the Company shall remain closed from Monday, February 24, 2025, to Sunday, March 02, 2025 (both days inclusive) for all Designated Persons of the Company and their immediate relatives, in terms of SEBI (Prohibition of Insider Trading) Regulations, 2015.”
SBI Life Insurance stock performance
SBI Life Insurance share price has seen modest gains in the short term but continues to face challenges over a longer period. In the past few days, the stock has risen nearly 2%, while over the past month, it has delivered a return of around 3%.
However, when viewed over a broader timeframe, the stock has declined nearly 17% in the past 6 months. On a yearly basis, SBI Life Insurance saw a drop of around 4%
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SBI Life Insurance announced its Q3FY25 financial results on January 17. For the quarter ending December 31, 2024,
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