Shares of Punjab National Bank (PNB), Bank of Baroda (BOB), Jammu and Kashmir Bank and Monsanto India are trading lower by over 3% each on turning ex-dividend today.
Monsanto India has tanked 9.4% to Rs 647 on the Bombay Stock Exchange (BSE). The board of directors of agrochemicals firm at its meeting held on May 29, 2013, declared interim dividend as a special dividend of Rs 50 per share for the financial year 2013-2014.
Jammu and Kashmir Bank, the private sector bank, has dipped 4.4% at Rs 1,205. The board has recommended a 500% or Rs 50 per share dividend to the shareholders for the year 2012-13.
The public sector banks, PNB and BOB have declined 4% each at Rs 721 and Rs 626 respectively on BSE. PNB board has recommended a dividend of Rs 27 per share, while BOB announced Rs 21.50 per share dividend for the financial year 2012-13.
Monsanto India has tanked 9.4% to Rs 647 on the Bombay Stock Exchange (BSE). The board of directors of agrochemicals firm at its meeting held on May 29, 2013, declared interim dividend as a special dividend of Rs 50 per share for the financial year 2013-2014.
Jammu and Kashmir Bank, the private sector bank, has dipped 4.4% at Rs 1,205. The board has recommended a 500% or Rs 50 per share dividend to the shareholders for the year 2012-13.
The public sector banks, PNB and BOB have declined 4% each at Rs 721 and Rs 626 respectively on BSE. PNB board has recommended a dividend of Rs 27 per share, while BOB announced Rs 21.50 per share dividend for the financial year 2012-13.
