Merck slides ex-dividend

Merck lost 0.66% to Rs 675 at 14:01 IST on BSE on turning ex-dividend today, 22 April 2016, for dividend of Rs 7.50 per share for the year ended 31 December 2015.

Meanwhile, the S&P BSE Sensex was down 13.65 points or 0.05% at 25,866.73.

On BSE, so far 454 shares were traded in the counter as against average daily volume of 3,297 shares in the past one quarter. The stock lost as much as 1.21% at the day's low of Rs 671.25 so far during the day. The stock lost 0.22% at the day's high of Rs 678 so far during the day. The stock had hit a 52-week high of Rs 904 on 6 August 2015. The stock had hit a 52-week low of Rs 623 on 12 February 2016. The stock had outperformed the market over the past one month till 21 April 2016, gaining 6.88% compared with Sensex's 2.35% rise. The scrip had, however, underperformed the market in past one quarter, sliding 2.89% as against Sensex's 8% rise.

The small-cap company has equity capital of Rs 16.60 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 1.1% based on the stock's closing price of Rs 679.50 on the BSE yesterday, 21 April 2016.

Merck's net profit rose 1236.7% to Rs 14.57 crore on 17% growth in net sales to Rs 231.99 crore in Q4 December 2015 over Q4 December 2014.

Merck is a leading science and technology company in healthcare, life science and performance materials.

Powered by Capital Market - Live News