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Shares of country’s largest private sector lender, ICICI Bank have slipped 2% at Rs 290 on the BSE after the stock turned ex-dividend for Rs 5 per share today.
Before turning ex-dividend, the ICICI Bank stock offered a dividend yield of 1.68% based on the closing price of Rs 296 yesterday, 3 June 2015.
Meanwhile, loan exposure worries and the possibility of no further cut rate by the RBI this fiscal have dampened the sentiments.
The stock opened at Rs 292, touched a low of Rs 287 on the BSE. A total of 463,877 shares have changed hands on the BSE so far.
