ICICI Bank drops ex-dividend

ICICI Bank surged 4.61% to Rs 316.20 at 12:26 IST on BSE after the stock turned ex-dividend today, 4 June 2015, for dividend of Rs 5 per share for the year ended 31 March 2015.

Meanwhile, the BSE Sensex was down 41.55 points, or 0.15% to 26,795.65

On BSE, so far 2.31 lakh shares were traded in the counter, compared with an average volume of 9.63 lakh shares in the past one quarter.

The stock hit a high of Rs 292.95 and a low of Rs 287.05 so far during the day. The stock hit a record high of Rs 393.30 on 28 January 2015. The stock hit a 52-week low of Rs 266.90 on 14 July 2014.

The large-cap private sector bank has an equity capital of Rs 1160.80 crore. Face value per share is Rs 2.

Before turning ex-dividend, the ICICI Bank stock offered a dividend yield of 1.68% based on the closing price of Rs 296 yesterday, 3 June 2015.

ICICI Bank's net profit rose 10.2% to Rs 2922 crore on 12.2% rise in total income to Rs 16234.73 crore in Q4 March 2015 over Q4 March 2014.

ICICI Bank is a leading private sector bank in India. As at 31 March 2015, the bank had a network of 4,050 branches and 12,451 ATMs.

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