SBI Card to trade ex-dividend on Feb 25; check other firms that are on F&O ban list today

The ex-date marks the day a stock begins trading without dividend entitlement, meaning investors must own the stock before this date to receive the payout. The company, however, determines the list of eligible shareholders based on their records on the record date.

A dividend refers to a payment made by a company to its shareholders, typically as a share of the company’s profits. Companies announce dividends to distribute a portion of their earnings to investors, usually on a regular basis such as quarterly or annually.

SBI Cards and Payment had declared an interim dividend of ₹2.5 per equity, with the date set for February 25.

Shares of the firm closed at ₹839 per share on the last trading session, rising 0.47%. The company had touched its 52-week high of ₹871.90 on February 14, 2025.

Meanwhile, the National Stock Exchange banned trading in two stocks in the futures and options (F&O) segments for Tuesday's session, as these securities crossed 95% of the market-wide position limit (MWPL).

The stocks included in the list are Chambal Fertilisers and Chemicals and Manappuram Finance.

The ban will be lifted once the position falls below 80%. Traders will be available for trading in the cash market.

No new positions are allowed when the stock exchanges place F&O contracts in a particular stock in the ban period.

“The derivative contracts in the below-mentioned security have crossed 95% of the market-wide position limit and are currently in the ban period,” the stock exchange said in a statement. “All clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action,” NSE further said.

The National Stock Exchange updates the list of securities on the F&O ban list daily.