Bhel turns ex-dividend, stock down 2%

The board has decided to pay final dividend of Rs 3.68 per share

BHEL is trading lower by 2.7% at Rs 202 after the stock turned ex-dividend today. The board of the company recommended a dividend of Rs 3.68 per share.

The annual general meeting of the company will be held on September 19, 2012 where in it will pay the final dividend for the year 2011-12.

The stock opened at Rs 205 and touched the low of Rs 201,. As many as 3,82,000 shares have changed hands compared to its two-week average of 3,50,000 shares.