ING Vysya Bank drops ex-dividend

Meanwhile, the S&P BSE Sensex was down 93.06 points or 0.49% at 19,049.94.

On BSE, 790 shares were traded in the counter as against average daily volume of 91,826 shares in the past one quarter.

The stock hit a high of Rs 628 and a low of Rs 614 so far during the day. The stock had hit a record high of Rs 667 on 5 June 2013. The stock had hit a 52-week low of Rs 326 on 19 June 2012.

The stock had outperformed the market over the past one month till 11 June 2013, surging 4.17% compared with the Sensex's 4.87% fall. The scrip had also outperformed the market in past one quarter, jumping 13.09% as against Sensex's 2.56% decline.

The private sector bank has equity capital of Rs 156.73 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 0.87% based on the closing price of Rs 626.65 on Tuesday, 11 June 2013.

ING Vysya Bank's net profit jumped 33.7% to Rs 170.30 crore on 15.6% growth in total income to Rs 1454.15 crore in Q4 March 2013 over Q4 March 2012.

ING Vysya Bank is a private sector bank with retail, private and wholesale banking platforms that serve over two million customers. As of 31 March 2013, the bank had 542 branches and extension counters, 27 satellite offices and 500 ATMs.

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