Select stocks drop ex-dividend

Meanwhile, the S&P BSE Sensex was up 130.65 points or 0.68% at 19,308.41.

Maharashtra Scooters lost 5.26% at Rs 387.50 as the stock turned ex-dividend today, 4 July 2013, for dividend of Rs 20 per share for the year ended 31 March 2013. Before turning ex-dividend, the stock offered a dividend yield of 4.88% based on the closing price of Rs 409 on Wednesday, 3 July 2013.

Atul Auto lost 5.21% at Rs 181 as the stock turned ex-dividend today, 4 July 2013, for final dividend of Rs 6 per share for the year ended 31 March 2013. Before turning ex-dividend, the stock offered a dividend yield of 3.14% based on the closing price of Rs 190.95 on Wednesday, 3 July 2013.

Canara Bank lost 3.21% at Rs 345 as the stock turned ex-dividend today, 4 July 2013, for dividend of Rs 13 per share for the year ended 31 March 2013 (FY 2013). Before turning ex-dividend, the stock offered a dividend yield of 3.64% based on the closing price of Rs 356.45 on Wednesday, 3 July 2013.

Bajaj Holdings & Investment lost 2.8% at Rs 761 as the stock turned ex-dividend today, 4 July 2013, for dividend of Rs 25 per share for the year ended 31 March 2013. Before turning ex-dividend, the stock offered a dividend yield of 3.19% based on the closing price of Rs 782.90 on Wednesday, 3 July 2013.

Ashok Leyland lost 2.48% at Rs 19.65 as the stock turned ex-dividend today, 4 July 2013, for dividend of 60 paise per share for the year ended 31 March 2013. Before turning ex-dividend, the stock offered a dividend yield of 2.97% based on the closing price of Rs 20.15 on Wednesday, 3 July 2013.

Bajaj Finserv lost 1.43% at Rs 630 as the stock turned ex-dividend today, 4 July 2013, for dividend of Rs 1.50 per share for the year ended 31 March 2013. Before turning ex-dividend, the stock offered a dividend yield of 0.23% based on the closing price of Rs 639.15 on Wednesday, 3 July 2013.

Bajaj Finance lost 1.27% at Rs 1,400 as the stock turned ex-dividend today, 4 July 2013, for dividend of Rs 15 per share for the year ended 31 March 2013. Before turning ex-dividend, the stock offered a dividend yield of 1.05% based on the closing price of Rs 1,418.05 on Wednesday, 3 July 2013.

United Phosphorus lost 0.9% at Rs 132.05 as the stock turned ex-dividend today, 4 July 2013, for dividend of Rs 2.50 per share for the year ended 31 March 2013. Before turning ex-dividend, the stock offered a dividend yield of 1.87% based on the closing price of Rs 133.25 on Wednesday, 3 July 2013.

KPIT Cummins Infosystems lost 0.04% at Rs 119.50 as the stock turned ex-dividend today, 4 July 2013, for dividend of 90 paise per share for the year ended 31 March 2013. Before turning ex-dividend, the stock offered a dividend yield of 0.75% based on the closing price of Rs 119.55 on Wednesday, 3 July 2013.

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