Select stocks drop ex-dividend

Two stocks lost 0.75% to 2.08% at 13:05 IST on BSE on turning ex-dividend today, 12 February 2014.

Meanwhile, the S&P BSE Sensex was up 103.89 points or 0.51% at 20,467.26.

Techno Electric and Engineering Company lost 2.08% at Rs 115.50 as the stock turned ex-dividend today, 12 February 2014, for interim dividend of Rs 2.50 per share for the year ending 31 March 2014. Before turning ex-dividend, the stock offered a dividend yield of 2.11% based on the closing price of Rs 117.95 on Tuesday, 11 February 2014.

Ambuja Cements lost 0.75% at Rs 159.70 as the stock turned ex-dividend today, 12 February 2014, for final dividend of Rs 2.20 per share for the year ended 31 December 2013. Before turning ex-dividend, the stock offered a dividend yield of 1.36% based on the closing price of Rs 160.90 on Tuesday, 11 February 2014.

Gravita India rose 0.42% at Rs 47.70. The stock turned ex-dividend today, 12 February 2014, for interim dividend of 30 paise per share for the year ending 31 March 2014. Before turning ex-dividend, the stock offered a dividend yield of 0.63% based on the closing price of Rs 47.50 on Tuesday, 11 February 2014.

Orbit Exports rose 0.54% at Rs 93.50. The stock turned ex-dividend today, 12 February 2014, for interim dividend of Rs 2 per share for the year ending 31 March 2014. Before turning ex-dividend, the stock offered a dividend yield of 2.15% based on the closing price of Rs 93 on Tuesday, 11 February 2014.

S Mobility rose 4.12% at Rs 32.85 as the stock turned ex-dividend today, 12 February 2014, for dividend of Rs 1.50 per share for the year ending 30 June 2014. Before turning ex-dividend, the stock offered a dividend yield of 4.75% based on the closing price of Rs 31.55 on Tuesday, 11 February 2014.

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