MCX dips as stock turns ex-dividend

The board has declared an interim dividend of Rs 12 per share (120%) on face value of Rs 10 per share.

Multi Commodity Exchange of India (MCX) is trading lower by 2.3% at Rs 1,529 after the stock turned ex-dividend today.

The board of directors of the company at its meeting held on November 02, 2012 has declared an interim dividend of Rs 12 per share (120%) on face value of Rs 10 per share.

“For the purpose of determining the eligibility of the shareholders to receive the interim dividend, the 'Record Date' would be November 16, 2012 and the payment of interim dividend would be made on and from November 29, 2012,” MCX said in a statement.

The stock opened at Rs 1,575 and hit a high of Rs 1,579 on the BSE. A combined 61,266 shares have changed hands on the counter so far on both the exchanges.