Select stocks drop ex-dividend

Four stocks fell 1.87% to 4.23% at 11:08 IST on BSE on turning ex-dividend today, 18 February 2015.

Meanwhile, the S&P BSE Sensex was up 156.48 points or 0.54% at 29,292.36.

Rural Electrification Corporation (REC) fell 4.23% at Rs 323.70 as the stock turned ex-dividend today, 18 February 2015, for interim dividend of Rs 8 per share for the year ending 31 March 2015. Before turning ex-dividend, the stock offered a dividend yield of 2.36% based on the closing price of Rs 338 on Monday, 16 February 2015.

NMDC fell 3.12% at Rs 141.10 as the stock turned ex-dividend today, 18 February 2015, for interim dividend of Rs 4.25 per share for the year ending 31 March 2015. Before turning ex-dividend, the stock offered a dividend yield of 2.91% based on the closing price of Rs 145.65 on Monday, 16 February 2015.

India Nippon Electricals fell 2.43% at Rs 442 as the stock turned ex-dividend today, 18 February 2015, for interim dividend of Rs 4.50 per share for the year ending 31 March 2015. Before turning ex-dividend, the stock offered a dividend yield of 0.99% based on the closing price of Rs 453 on Monday, 16 February 2015.

Steel Authority of India (Sail) fell 1.87% at Rs 73.50 as the stock turned ex-dividend today, 18 February 2015, for interim dividend of Rs 1.75 per share for the year ending 31 March 2015. Before turning ex-dividend, the stock offered a dividend yield of 2.33% based on the closing price of Rs 74.90 on Monday, 16 February 2015.

Manaksia jumped 9.18% at Rs 64.20. The stock turned ex-dividend today, 18 February 2015, for interim dividend of Rs 2 per share for the year ending 31 March 2015. Before turning ex-dividend, the stock offered a dividend yield of 3.4% based on the closing price of Rs 58.80 on Monday, 16 February 2015.

Hexaware Technologies rose 1.26% at Rs 258.10. The stock turned ex-dividend today, 18 February 2015, for interim dividend of Rs 2.50 per share for the year ended 31 December 2014. Before turning ex-dividend, the stock offered a dividend yield of 0.98% based on the closing price of Rs 254.90 on Monday, 16 February 2015.

Hinduja Global Solutions rose 1.82% at Rs 599.50. The stock turned ex-dividend today, 18 February 2015, for third interim dividend of Rs 5 per share for the year ending 31 March 2015. Before turning ex-dividend, the stock offered a dividend yield of 0.84% based on the closing price of Rs 588.80 on Monday, 16 February 2015.

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