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UCO Bank drops ex-dividend

Capital Market/ 10:58 , Jun 15, 2012

UCO Bank fell 2.76% to Rs 75.80 at 10:57 IST on BSE after the stock turned ex-dividend today, 15 June 2012, for dividend of Rs 3 per share for the year ended March 2012.

Meanwhile, the BSE Sensex was up 85.18 points or 0.51% to 16,763.06.

On BSE, 1.44 lakh shares were traded in the counter as against average daily volume of lakh 3.59 lakh shares in the past one quarter.

The stock hit a high of Rs 76.55 and a low of Rs 75.20 so far during the day. The stock had hit a 52-week low of Rs 44.80 on 2 January 2012. The stock had hit a 52-week high of Rs 98.10 on 4 July 2011.

The stock had outperformed the market over the past one month till 14 June 2012, surging 18.2% compared with the Sensex's 2.85% rise. The scrip had, however, underperformed the market in past one quarter, declining 11.32% as against Sensex's 6.93% fall.

The mid-cap public sector bank has an equity capital of Rs 664.71 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 3.84% based on the closing price of Rs 77.95 on Thursday, 14 June 2012.

UCO Bank's net profit rose 11.9% to Rs 252.84 crore on 25.5% growth in total income to Rs 4216.63 crore in Q4 March 2012 over Q4 March 2011.

The Government of India (GoI) holds 65.19% stake in UCO Bank (as per the shareholding pattern as on 31 March 2012).

 



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