Indian Oil Corporation fell 2.47% to Rs 205.65 at 9:42 IST on BSE on turning ex-dividend today, 22 August 2013, for a dividend of Rs 6.20 per share for the financial year ended March 2013.
Meanwhile, the BSE Sensex was up 79.87 points, or 0.45%, to 17,985.78.
On BSE, 17,000 shares were traded in the counter compared with average volume of 77,049 shares in the past one quarter.
The stock hit a high of Rs 207.25 and a low of Rs 202.65 so far during the day. The stock hit a 52-week low of Rs 186.20 on 31 July 2013. The stock hit a 52-week high of Rs 375 on 18 January 2013.
The stock had outperformed the market over the past one month till 21 August 2013, falling 6.10% compared with the Sensex's 11.14% decline. The scrip had, however, underperformed the market in past one quarter, falling 30.76% as against Sensex's 10.97% fall.
The large-cap public sector oil marketing company has an equity capital of Rs 2427.95 crore. Face value per share is Rs 10.
Before turning ex-dividend, the Indian Oil Corporation (IOC) offered a dividend yield of 2.94% based on the closing price of Rs 210.85 on Wednesday, 21 August 2013.
IOC reported a net loss of Rs 3093.23 crore in Q1 June 2013, lower than the net loss of Rs 22450.95 crore in Q1 June 2012. Total income rose 13.83% to Rs 110959 crore in Q1 June 2013 over Q1 June 2012.
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