CapitalMarket.com - Sesa Goa drops ex-dividend
Hot Pursuit Thursday, June 30, 2011 11:46 Hrs IST

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Sesa Goa drops ex-dividend

Sesa Goa declined 1.31% to Rs 285.40 at 11:43 IST on BSE, after the stock turned ex-dividend today, 30 June 2011, for dividend of Rs 3.50 per share for the year ended March 2011.

Meanwhile, the BSE Sensex was up 47.87 points, or 0.26%, to 18,741.73.

On BSE, 1.07 lakh shares were traded in the counter as against an average daily volume of 4.81 lakh shares in the past one quarter.

The stock hit a high of Rs 290.50 and a low of Rs 285.05 so far during the day. The stock had hit a 52-week high of Rs 383.65 on 10 August 2010 and a 52-week low of Rs 220.55 on 7 March 2011.

The large-cap stock had outperformed the market over the past one month till 29 June 2011, rising 2.59% compared with the Sensex's return of 2.34%. The scrip had also outperformed the market in past one quarter, gaining 0.89% as against 2.23% decline in the Sensex.

The iron ore exporter has equity capital of Rs 86.91 crore. Face value per share is Rs 1.

Before turning ex-dividend, the stock offered a dividend yield of 1.21% based on the closing price of Rs 289.20 on Wednesday, 29 June 2011.

Sesa Goa's consolidated net profit rose 20.3% to Rs 1461.76 crore on 50.1% rise in net sales to Rs 3607.28 crore in Q4 March 2011 over Q4 March 2010.

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