SBI declares 150 per cent interim dividend for 2013-14

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

The central board of the bank has 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.