Nucleus Software declines ex-dividend

Nucleus Software Exports fell 2.8% to Rs 329.20 at 9:49 IST on BSE after the stock turned ex-dividend today, 29 June 2017, for final dividend of Rs 5 per share for the year ended 31 March 2017.

Meanwhile, the S&P BSE Sensex was up 174.66 points, or 0.57% at 31,008.98. The S&P BSE Small-Cap index was up 168.02 points, or 1.11% at 15,329.34.

On the BSE, 1,617 shares were traded on the counter so far as against the average daily volumes of 20,974 shares in the past one quarter. The stock had hit a high of Rs 334.85 and a low of Rs 327 so far during the day. The stock had hit a 52-week high of Rs 343.90 on 22 May 2017 and a 52-week low of Rs 171 on 29 September 2016.

The stock had outperformed the market over the past one month till 28 June 2017, advancing 2.42% compared with the Sensex's 0.62% fall. The scrip had also outperformed the market over the past one quarter gaining 34.91% as against the Sensex's 4.84% rise. The scrip had also outperformed the market over the past one year advancing 56.15% as against the Sensex's 16.25% rise.

The small-cap company has equity capital of Rs 32.38 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 1.47% based on the closing price of Rs 338.70 yesterday, 28 June 2017.

Nucleus Software Exports' consolidated net profit rose 39.82% to Rs 22.26 crore on 0.59% increase in net sales to Rs 93.69 crore in Q4 March 2017 over Q3 December 2016.

Nucleus Software Exports is the leading provider of lending and transaction banking products to the global financial services industry.

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