Canara Bank fell 3.05% at Rs 297.05 at 10:25 IST on BSE after the stock turned ex-dividend today, 25 June 2015, for dividend of Rs 10.50 per share for the year ended 31 March 2015.
Meanwhile, the S&P BSE Sensex was up 51.64 points or 0.19% at 27,781.31
On BSE, so far 47,360 shares were traded in the counter as against average daily volume of 1.82 lakh shares in the past one quarter.
The stock hit a high of Rs 298.40 and a low of Rs 294.60 so far during the day. The stock had hit a 52-week low of Rs 284.85 on 11 June 2015. The stock had hit a 52-week high of Rs 478.40 on 28 January 2015.
The stock had underperformed the market over the past one month till 24 June 2015, sliding 13.27% compared with 0.81% fall in the Sensex. The scrip has also underperformed the market in past one quarter, falling 18.45% as against Sensex's 1.53% fall.
The large-cap bank has equity capital of Rs 515.20 crore. Face value per share is Rs 10.
Before turning ex-dividend, the Canara Bank stock offered a dividend yield of 3.42% based on the closing price of Rs 306.40 yesterday, 24 June 2015.
Canara Bank's net profit rose 0.3% to Rs 612.96 crore on 7.1% growth in total income to Rs 12429.21 crore in Q4 March 2015 over Q4 March 2014.
The Government of India (GoI) held 69.91% stake in Canara Bank (as per the shareholding pattern as on 31 March 2015).
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