CARE turns ex-dividend today; stock dips 6%

The stock has turned ex-dividend of Rs 75/share from today

Shares of Credit Analysis and Research (CARE) have dipped nearly 6% to Rs 1,476 on BSE after the stock turned ex-dividend for Rs 75 per share today.

The board of directors of the credit rating agency firm at its meeting held on September 15, 2014, had declared a special dividend of Rs 65 per equity share of Rs 10 each for financial year 2014-2015.

The aforesaid special dividend (interim dividend 2) for the financial year 2014-2015 will be paid to the shareholders on or before October 14, 2014, CARE said in a regulatory filing.

The company fixed book closure from September 26, 2014 to September 29, 2014 (both days inclusive) for the purpose of payment of special dividend (interim dividend 2) and final dividend for the financial year 2013-14.

The board at its meeting held on May 20, 2014 had recommended a final dividend of Rs 10 per equity share of face value of Rs 10 each for the financial year 2013-14.

The stock opened at Rs 1,500 and touched a high of Rs 1,517 on BSE.  A combined around 36,000 shares changed hands on the counter till noon deals on BSE and NSE.