Asian Paints slips ex-dividend

Asian Paints lost 0.74% to Rs 1,139.95 at 15:16 IST on BSE on turning ex-dividend today, 15 June 2017, for total dividend of Rs 7.65 per share for the year ended 31 March 2017.

Meanwhile, the S&P BSE Sensex was down 80.75 points or 0.26% at 31,075.16.

On the BSE, 46,000 shares were traded on the counter so far as against the average daily volumes of 1.14 lakh shares in the past two weeks. The stock had hit a high of Rs 1,152.10 and a low of Rs 1,134.70 so far during the day. The stock had hit a record high of Rs 1,230 on 13 October 2016 and a 52-week low of Rs 850.10 on 22 December 2016.

The stock had underperformed the market over the past one month till 14 June 2017, advancing 1.43% compared with the Sensex's 3.21% rise. The stock had, however, outperformed the market over the past one quarter, gaining 7.43% as against the Sensex's 5.82% rise. The scrip had underperformed the market over the past one year, surging 16.52% as against the Sensex's 18.03% rise.

The large-cap company has equity capital of Rs 95.92 crore. Face value per share is Rs 1.

The total dividend of Rs 7.65 per share comprises of final dividend of Rs 5.65 and a special dividend of Rs 2 per share.

Before turning ex-dividend, the stock offered a dividend yield of 0.66% based on the closing price of Rs 1,148.50 yesterday, 14 June 2017.

Asian Paints' consolidated net profit rose 10.1% to Rs 479.61 crore on 7.8% rise in total income to Rs 3952.45 crore in Q4 March 2017 over Q4 March 2016.

Asian Paints is India's leading paint company and ranked among the top ten decorative coatings companies in the world.

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