Vijaya Bank drops ex-dividend

Vijaya Bank fell 1.43% to Rs 82.45 at 9:52 IST on BSE after the stock turned ex-dividend today, 15 June 2017, for dividend of Rs 1.50 per share for the year ended 31 March 2017.

Meanwhile, the S&P BSE Sensex was up 17.53 points, or 0.06% at 31,173.44. The S&P BSE Mid-Cap index was up 26.29 points, or 0.18% at 14,825.70.

On the BSE, 72,000 shares were traded on the counter so far as against the average daily volumes of 2.31 lakh shares in the past two weeks. The stock had hit a high of Rs 82.85 and a low of Rs 81.65 so far during the day. The stock had hit a 52-week high of Rs 97.40 on 9 May 2017 and a 52-week low of Rs 31.15 on 14 June 2016.

The stock had underperformed the market over the past one month till 14 June 2017, declining 4.29% compared with the Sensex's 3.21% rise. The scrip had, however, outperformed the market over the past one quarter advancing 31.73% as against the Sensex's 5.82% rise. The scrip had also outperformed the market over the past one year advancing 162.64% as against the Sensex's 18.03% rise.

The mid-cap bank has equity capital of Rs 998.85 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of Rs 1.79% based on the closing price of Rs 83.65 yesterday, 14 June 2017.

Vijaya Bank's net profit spurted 186.1% to Rs 203.99 crore on 8.6% increase in total income to Rs 3504.73 crore in Q4 March 2017 over Q4 March 2016.

The Government of India held 70.33% stake in Vijaya Bank as at 31 March 2017.

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