IFCI fell 1.17% to Rs 38.05 at 10:13 IST on BSE on turning ex-dividend today, 2 March 2015, for an interim dividend of Re 1 per share for the year ending March 2015.
Meanwhile, the BSE Sensex was up 169.86 points, or 0.58%, to 29,531.36.
On BSE, so far 2.88 lakh shares were traded in the counter, compared with an average volume of 9.07 lakh shares in the past one quarter.
The stock hit a high of Rs 38.40 and a low of Rs 37.65 so far during the day. The stock hit a 52-week high of Rs 44.90 on 10 June 2014. The stock hit a 52-week low of Rs 22.60 on 3 March 2014.
The stock had outperformed the market over the past one month till 28 February 2015, rising 2.94% compared with 0.67% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 3.63% as against Sensex's 2.33% rise.
The mid-cap company has an equity capital of Rs 1662.04 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 2.60% based on the closing price of Rs 38.50 in the previous trading session on Saturday, 28 February 2015.
IFCI's net profit dropped 6.1% to Rs 133.77 crore on 5.7% rise in total income to Rs 848.81 crore in Q3 December 2014 over Q3 December 2013.
IFCI is a financial institution catering to the long-term finance needs of the industrial sector.
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