Hero MotoCorp fell 0.89% to Rs 2,672.10 at 9:41 IST as the stock turned ex-dividend today, 1 June 2015 for final dividend of Rs 30 per share for the year ended 31 March 2015.
Meanwhile, the BSE Sensex was up 20.60 points, or 0.07%, to 27,849.04
On BSE, so far 2,406 shares were traded in the counter, compared with an average volume of 57,112 shares in the past one quarter.
The stock hit a high of Rs 2,690 and a low of Rs 2,647 so far during the day. The stock hit a record high of Rs 3,271.80 on 1 December 2014. The stock hit a 52-week low of Rs 2,252 on 8 May 2014.
The large-cap company has an equity capital of Rs 39.94 crore. Face value per share is Rs 2.
Before turning ex-dividend, the Hero MotoCorp stock offered a dividend yield of 1.11% based on the closing price of Rs 2,696 on Friday, 29 May 2015.
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Hero MotoCorp's net profit fell 14.1% to Rs 476.53 crore on 3.8% growth in total income to Rs 6886.75 crore in Q4 March 2015 over Q4 March 2014.
Hero MotoCorp is the world's largest two-wheeler manufacturer in terms of production capacity.
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