Vijaya Bank drops after turning ex-dividend

Vijaya Bank declined 4.03% to Rs 41.70 at 13:35 IST on BSE after the stock turned ex-dividend for final dividend of Rs 1.50 per share for the year ended 31 March 2015.

Meanwhile, the S&P BSE Sensex was almost unchanged at 26,370.05.

On BSE, so far 44,853 shares were traded in the counter, compared with an average volume of 52,195 shares in the past one quarter.

The stock hit a high of Rs 42.40 and a low of Rs 41.45, so far during the day. The stock hit a 52-week high of Rs 58 on 4 July 2014. The stock hit a 52-week low of Rs 41 on 4 September 2014.

The stock had outperformed the market over the past one month till 11 June 2015, declining 3.44% compared with 4.13% decline in the Sensex. The scrip had also outperformed the market in past one quarter, dropping 6.76% as against Sensex's 7.98% fall.

The mid-cap public sector bank has an equity capital of Rs 3406.12 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 3.45% based on the closing price of Rs 43.45 yesterday, 11 June 2015.

Vijaya Bank's net profit declined 28.7% to Rs 96.80 crore on 12.4% growth in total income to Rs 3406.12 crore in Q4 March 2015 over Q4 March 2014.

As per the shareholding pattern, the Government of India held 74.06% stake in the bank as at 31 March 2015.

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