Hexaware Tech dips as stock turns ex-dividend

Record date for payment of interim dividend of Rs 7.50/share was fixed at February 21, 2014

Shares of Hexaware Technologies which had surged on the back of huge volumes yesterday witnessed profit taking and was down nearly 5% at Rs 153 after the stock was quoted ex-dividend from today.

The Board of Directors, at its meeting held on February 07, 2014, had recommended a payment of interim dividend of Rs 7.50 per share (375%) and a final dividend of Rs 1.00 per share (50%) on each fully-paid up equity shares of face value Rs 2/- each.

The record date for the purpose of payment of interim dividend was fixed for February 21, 2014.

The stock opened at Rs 153 on the Bombay Stock Exchange and touched a high of Rs 153.50 and a low of Rs 151.55 so far.

Over 45.000 shares were traded on both the stock exchanges so far.