Navin Fluronie International has tanked 19% to Rs 337 on turning ex-dividend today. The stock opened at Rs 350 and hit a high of Rs 364 in opening deals on the Bombay Stock Exchange. A combined around 25,000 shares have changed hands on the counter on both the exchanges.
The board of directors of commodity chemicals maker at its meeting held on April 30, 2012, has recommended a final dividend of Rs 6.50/- per share and a special dividend of Rs 60/- per share of nominal value of Rs 10/- each for the year ended March 31, 2012.
The company informed the stock exchange that the Register of Members & Share Transfer Books of the Company will remain closed from June 11, 2012 to June 15, 2012 (both days inclusive) for the purpose of payment of final dividend, special dividend & 14th Annual General Meeting (AGM) of the company.
The final dividend and special dividend will be paid on June 21, 2012, it added.