UCO Bank slips ex-dividend

Meanwhile, the S&P BSE Sensex was up 11.77 points, or 0.06%, to 19,189.70.

On BSE, 50,000 shares were traded in the counter as against an average daily volume of 4.76 lakh shares in the past one quarter.

The stock hit a high of Rs 76.80 and a low of Rs 75.30 so far during the day. The stock had hit a 52-week high of Rs 86.65 on 9 January 2013. The stock had hit a 52-week low of Rs 54.05 on 28 February 2013.

The stock had outperformed the market over the past one month till 14 June 2013, rising 3.27% compared with the Sensex's 2.76% fall. The scrip had also outperformed the market in past one quarter, gaining 27.18% as against Sensex's 2.01% fall.

The mid-cap company has an equity capital of Rs 752.63 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 2.07% based on the closing price of Rs 77.45 on Friday, 14 June 2013.

UCO Bank's net profit slumped 80.40% to Rs 49.55 crore on 7.4% rise in operating income to Rs 4527.06 crore in Q4 March 2013 over Q4 March 2012.

Government of India holds 69.26% stake in UCO Bank (as on 31 March 2013).

Powered by Capital Market - Live News