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United Bank of India drops ex-dividend

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Capital Market
Last Updated : Jun 06 2013 | 3:30 PM IST

Meanwhile, the S&P BSE Sensex was up 13.27 points or 0.07% at 19,581.49.

On BSE, 20,000 shares were traded in the counter as against average daily volume of lakh 27,203 shares in past one quarter.

The stock hit a high of Rs 52.70 and a low of Rs 52.15 so far during the day. The stock had hit a record low of Rs 49.75 on 31 August 2012. The stock had hit a 52-week high of Rs 84.95 on 7 January 2013.

The stock had underperformed the market over the past one month till 5 June 2013, sliding 9.56%, compared with the Sensex's 0.04% fall. The scrip had also underperformed the market in past one quarter, declining 11.41% as against Sensex's 2.22% gain.

The state-run bank has equity capital of Rs 374.71 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 3.89% based on the closing price of Rs 53.95 on Wednesday, 5 June 2013.

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United Bank of India's net profit declined 79.1% to Rs 31.18 crore on 13.4% growth in total income to Rs 2687.18 crore in Q4 March 2013 over Q4 March 2012.

The Government of India (GoI) holds 78.57% stake in United Bank of India (as per the shareholding pattern as on 31 March 2013).

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First Published: Jun 06 2013 | 2:58 PM IST

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