IDBI Bank has plunged over 5% at Rs 53.70 on BSE after the stock of state-run lender turns ex-dividend today.
The board of directors of the bank at its meeting held on April 25, 2013 had recommended dividend of Rs 3.50 per share for the year 2012-13.
The register of members and share transfer books of the bank will remain closed from August 31, 2013 to September 04, 2013 (both days inclusive) for the purpose of payment of dividend and 9th Annual General Meeting (AGM) of the bank to be held on September 04, 2013, IDBI Bank said in a regulatory filing.
As approved by the Board, the date of dispatch of dividend warrants would be September 26, 2013 and date of payment of dividend would be October 01, 2013, it added.
The stock opened at Rs 54.50 and hit low of Rs 53.55 on BSE. A combined 608,652 shares change hands on the counter so far on BSE and NSE.
The BSE benchmark index S&P BSE Sensex was up 0.75%, while Bankex was up 1% at 0943 hours.
The board of directors of the bank at its meeting held on April 25, 2013 had recommended dividend of Rs 3.50 per share for the year 2012-13.
The register of members and share transfer books of the bank will remain closed from August 31, 2013 to September 04, 2013 (both days inclusive) for the purpose of payment of dividend and 9th Annual General Meeting (AGM) of the bank to be held on September 04, 2013, IDBI Bank said in a regulatory filing.
As approved by the Board, the date of dispatch of dividend warrants would be September 26, 2013 and date of payment of dividend would be October 01, 2013, it added.
The stock opened at Rs 54.50 and hit low of Rs 53.55 on BSE. A combined 608,652 shares change hands on the counter so far on BSE and NSE.
The BSE benchmark index S&P BSE Sensex was up 0.75%, while Bankex was up 1% at 0943 hours.
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