Select stocks drop ex-dividend

Five stocks lost by 0.76% to 2.46% at 10:57 IST on BSE after turning ex-dividend today, 6 August 2013.

Meanwhile, the S&P BSE Sensex was down 189.65 points or 0.99% at 18,992.61.

SRS lost 2.46% to Rs 29.70 as the stock turned ex-dividend today, 6 August 2013, for dividend of Rs 13 per share for the year ended 31 March 2013, Before turning ex-dividend, the stock offered a dividend yield of 3.28% based on the closing price of Rs 30.45 on Monday, 5 August 2013.

Cipla lost 1.58% to Rs 389.50 as the stock turned ex-dividend today, 6 August 2013, for dividend of Rs 2 per share for the year ended 31 March 2013, Before turning ex-dividend, the stock offered a dividend yield of 0.5% based on the closing price of Rs 395.75 on Monday, 5 August 2013.

Amara Raja Batteries lost 1.56% to Rs 231 as the stock turned ex-dividend today, 6 August 2013, for dividend of Rs 2.52 per share for the year ended 31 March 2013, Before turning ex-dividend, the stock offered a dividend yield of 1.07% based on the closing price of Rs 234.65 on Monday, 5 August 2013.

MRF lost 0.77% to Rs 12,642 as the stock turned ex-dividend today, 6 August 2013, for interim dividend of Rs 3 per share for the year ending 30 September 2013. Before turning ex-dividend, the stock offered a dividend yield of 0.02% based on the closing price of Rs 12,740.55 on Monday, 5 August 2013.

Castrol India lost 0.76% to Rs 318 as the stock turned ex-dividend today, 6 August 2013, for interim dividend of Rs 3.50 per share for the year ending 31 December 2013. Before turning ex-dividend, the stock offered a dividend yield of 1.09% based on the closing price of Rs 320.45 on Monday, 5 August 2013.

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