NTPC turns ex-dividend today; stock slips 1%

Shares of NTPC have slipped over 1% at Rs 143 on the NSE after the stock turned ex-dividend today.

The board of directors of the company has decided to pay interim dividend at the rate of 7.5% (Rs. 0.75 per share) on the face value of paid-up equity shares of Rs. 10 each for the financial year 2014-15. The date of payment / dispatch of dividend shall be February 13, 2015.

The stock opened at Rs 143 and hit a low of Rs 142 on the NSE. A combined of almost 1.5 million shares changed hands on the counter till 1132 hours on BSE and NSE.