Thursday 18 July 2013

GIC Housing Finance drops ex-dividend

GIC Housing Finance lost 4.68% to Rs 105.90 at 10:26 IST on BSE as the stock turned ex-dividend today, 18 July 2013, for dividend of Rs 5 per share for the year ended 31 March 2013.

On BSE, 10,000 shares were traded in the counter as against average daily volume of 38,391 shares in the past one quarter.

The stock hit a high of Rs 108.50 and a low of Rs 105 so far during the day. The stock had hit a 52-week low of Rs 83.35 on 14 August 2012. The stock had hit a 52-week high of Rs 156.60 on 9 January 2013.

The stock had underperformed the market over the past one month till 17 July 2013, falling 0.49% compared with the Sensex's 3.22% rise. The scrip had also underperformed the market in past one quarter, gaining 1.65% as against Sensex's 6.5% rise.

The small-cap company has equity capital of Rs 53.85 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 4.5% based on the closing price of Rs 111.10 on Wednesday, 17 July 2013.

GIC Housing Finance's net profit declined 16.7% to Rs 16.65 crore on 22.6% growth in total income to Rs 146.03 crore in Q4 March 2013 over Q4 March 2012.
GIC Housing Finance provides housing loans to both individuals and corporations.

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