ITC drops ex-dividend

ITC fell 2.38% to Rs 311.30 at 09:21 IST on BSE after the stock turned ex-dividend today, 3 June 2015, for dividend of Rs 6.25 per share for the year ended 31 March 2015.

Meanwhile, the BSE Sensex was down 66.27 points, or 0.24%, to 27,122.11

On BSE, so far 54,545 shares were traded in the counter, compared with an average volume of 7.35 lakh shares in the past one quarter.

The stock hit a high of Rs 314.40 and a low of Rs 310.45 so far during the day. The stock hit a record high of Rs 409.70 on 28 February 2015. The stock hit a 52-week low of Rs 312.40 on 23 June 2014.

India's largest cigarettes maker by sales has an equity capital of Rs 801.55 crore. Face value per share is Re 1.

Before turning ex-dividend, the ITC stock offered a dividend yield of 1.95% based on the closing price of Rs 318.90 yesterday, 2 June 2015.

ITC's net profit rose 3.7% to Rs 2361.18 crore on 1.7% increase in total income to Rs 9663.15 crore in Q4 March 2015 over Q4 March 2014.

ITC has a diversified presence in cigarettes, hotels, paperboards & specialty papers, packaging, agri-business, packaged foods & confectionery, information technology, branded apparel, personal care, stationery and other FMCG products. ITC is a market leader in cigarettes.

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