BGR Energy turns ex-dividend, stock down 4%

The board has recommended a dividend of Rs 7 per equity share of Rs 10 each for the financial year 2011-12.

BGR Energy Systems has dipped 4% at Rs 263 on turning ex-dividend today.

The board of directors of the company at its meeting held on May 30, 2012, had recommended a dividend of Rs 7 per equity share of Rs 10 each for the financial year  2011-12.

The heavy electrical equipment maker has informed stock exchanges that the register of members & share transfer books of the company will remain closed from September 17 to September 21 (both days inclusive) for the purpose of payment of dividend & 26th AGM of the company to be held on September 21, 2012.

 

The stock opened at Rs 268 and hit a low of Rs 262 on the BSE. A total 311,280 shares have changed hands on the counter so far on the BSE and NSE.