Hero MotoCorp has dipped over 3% at Rs 1,965 after the stock turn ex-dividend today. The stock opened at Rs 1,984 and touched a low of Rs 1,951 in early morning deals on BSE. A combined around 5,000 shares change hands on the counter till 0920 hours on BSE and NSE.
The board of directors of the world's largest manufacturer of two-wheelers at its meeting held on April 26, 2013, had recommended a dividend @ 3000% i.e. Rs 60 per equity share of Rs 2 each for the financial year 2012-13.
The register of members and share transfer books of the company will remain closed from September 05, 2013 to September 11, 2013 (both days inclusive) for the purpose of payment of dividend & 30th Annual General Meeting (AGM) of the company to be held on September 11, 2013, Hero MotoCorp said in a regulatory filing.
Meanwhile, the stock has outperformed the market by surging 13% in past one month as compared to nearly 3% fall in benchmark S&P BSE Sensex.
The board of directors of the world's largest manufacturer of two-wheelers at its meeting held on April 26, 2013, had recommended a dividend @ 3000% i.e. Rs 60 per equity share of Rs 2 each for the financial year 2012-13.
The register of members and share transfer books of the company will remain closed from September 05, 2013 to September 11, 2013 (both days inclusive) for the purpose of payment of dividend & 30th Annual General Meeting (AGM) of the company to be held on September 11, 2013, Hero MotoCorp said in a regulatory filing.
Meanwhile, the stock has outperformed the market by surging 13% in past one month as compared to nearly 3% fall in benchmark S&P BSE Sensex.
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