Meanwhile, the S&P BSE Sensex was up 133.39 points or 0.71% at 18,960.55.
On BSE, 15,000 shares were traded in the counter as against average daily volume of 1.40 lakh shares in the past two weeks.
The stock hit a high of Rs 122 and a low of Rs 120 so far during the day.
Before turning ex-dividend, the stock offered a dividend yield of 5.28% based on the closing price of Rs 126.75 on Thursday, 13 June 2013.
Syndicate Bank's net profit jumped 91.4% to Rs 592.34 crore on 8.1% growth in total income to Rs 4780.75 crore in Q4 March 2013 over Q4 March 2012.
The Government of India holds 66.17% stake in Syndicate Bank (as per the shareholding pattern as on 31 March 2013).
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