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Karnataka Bank drops ex-dividend

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Capital Market
Last Updated : Jun 26 2013 | 10:00 AM IST

Meanwhile, the S&P BSE Sensex was unchanged at 18,629.14.

On BSE, 26,000 shares were traded in the counter as against average daily volume of 11.80 lakh shares over the past two weeks.

The stock hit a high of Rs 111 and a low of Rs 109 so far during the day.

Before turning ex-dividend, the stock offered a dividend yield of 3.54% based on the closing price of Rs 112.90 on Tuesday, 25 June 2013.

Karnataka Bank's net profit declined 19% to Rs 67.39 crore on 14.1% growth in total income to Rs 1090.32 crore in Q4 March 2013 over Q4 March 2012.

Karnataka Bank is a private sector banking institution based in the town of Mangalore in Karnataka and has major presence in South India. The bank is engaged in commercial banking and related activities.

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First Published: Jun 26 2013 | 9:18 AM IST

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