OBC slips ex-dividend

Meanwhile, the S&P BSE Sensex was down 115.02 points or 0.59% at 19,453.20.

On BSE, 20,000 shares were traded in the counter as against average daily volume of 92,073 shares over the past one quarter.

The stock hit a high of Rs 241.70 and a low of Rs 237.95 so far during the day. The stock had hit a 52-week low of Rs 207.50 on 29 August 2012. The stock had hit a 52-week high of Rs 367.50 on 10 December 2012.

The stock had underperformed the market over the past one month till 5 June 2013, sliding 3.01%, compared with the Sensex's 0.04% fall. The scrip had also underperformed the market in past one quarter, declining 9.93% as against Sensex's 2.22% gain.

The mid-cap state-run bank has equity capital of Rs 291.76 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 3.7% based on the closing price of Rs 248.15 on Wednesday, 5 June 2013.

Oriental Bank of Commerce's (OBC) net profit rose 16.2% to Rs 307.94 crore on 9.5% growth in total income to Rs 4996.01 crore in Q4 March 2013 over Q4 March 2012.

The Government of India (GoI) holds 58% stake in OBC (as per the shareholding pattern as on 31 March 2013).

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