Four stocks drop ex-dividend

Shares of four companies fell 1.26% to 2.65% at 15:25 IST on BSE after these stocks turned ex-dividend today, 15 September 2016.

Meanwhile, the S&P BSE Sensex was up 31.88 points or 0.11% at 28,404.11.

Shares of Hero MotoCorp dropped 1.7% to Rs 3,528.50 after the stock turned ex-dividend today, 15 September 2016 for final dividend of Rs 32 per share for the year ended 31 March 2016. Before turning ex-dividend, the stock offered a dividend yield of 0.89% based on the closing price of Rs 3,589.50 yesterday, 14 September 2016.

Shares of Oil India shed 1.26% to Rs 391.95 after the stock turned ex-dividend today, 15 September 2016 for final dividend of Rs 8 per share for the year ended 31 March 2016. Before turning ex-dividend, the stock offered a dividend yield of 2.01% based on the closing price of Rs 396.95 yesterday, 14 September 2016.

 

Shares of Reliance Capital slipped 2.65% to Rs 563.50 after the stock turned ex-dividend today, 15 September 2016 for dividend of Rs 10 per share for the year ended 31 March 2016. Before turning ex-dividend, the stock offered a dividend yield of 1.72% based on the closing price of Rs 578.85 yesterday, 14 September 2016.

Shares of Reliance Infrastructure slipped 2.31% to Rs 583.40 after the stock turned ex-dividend today, 15 September 2016 for dividend of Rs 8.50 per share for the year ended 31 March 2016. Before turning ex-dividend, the stock offered a dividend yield of 1.42% based on the closing price of Rs 597.20 yesterday, 14 September 2016.

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