Debt-free bluechip stock sets record date for interim dividend: do you own it?

With a market capitalization of 6 10,623.53 Cr, Hindustan Unilever Ltd. is a blue-chip company operating in the Fast Moving Consumer Goods (FMCG) industry. Hindustan Unilever Limited (HUL), India’s largest manufacturer of fast moving consumer products, has been in existence for nearly 90 years in the country. Major household brands such as Pond’s, Vaseline, Lakmé, Dove, Clinic Plus, Sunsilk, Pepsodent, Closeup, Axe, Simple, Love Beauty Planet, TRESemmé, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall’s, Horlicks and Pureit are included in the company’s brand portfolio.

Hindustan Unilever has approved a stock dividend of 3400.00% with a nominal value of Rs. 1 equal to Rs. 34 per share for the financial year ending March 2022. The dividend yield at the current share price of 2,595 is 1.31%.

The company informed the exchanges on Friday stating that “pursuant to SEBI Registration and Disclosure Requirements Regulation 29(2), 2015 (“Registration Regulation, 2015”), a meeting of the Board of Directors of the Company will be held on Friday, October 21, 2022, among other things, to: review the unaudited individual and consolidated financial results for the three and six months ended September 30, 2022 as well as the limited review report of the statutory auditors for the corresponding period; review the proposed payment of an interim dividend, if any, for the year ended March 31, 2023. Please note that the record date for the purposes of determining shareholders’ right to the interim dividend, the where applicable, has been set for Wednesday November 2, 2022. We will communicate the unaudited individual and consolidated financial results and the declared interim dividend rate, if any, to the stock exchanges following the meeting of the Board of Directors. above mentioned and we will organize their announcement in the press. as required under the Registration Rules, 2015.”

Shares of Hindustan Unilever Ltd. traded on Friday at Rs. 2,595, down 0.73% from the previous close of Rs. 2,614. Unlike the 20-day average volume of 1,703,559 shares, the stock had a total volume of 1 025,923 shares on Friday. Over the past 5 years the stock has given a multibagger return of 107.83% and over the past years the stock has gained 34%. Over the past year, the stock has fallen 1.89% and on a YTD basis, the stock has gained 9.90% so far in 2022. According to information from Value Research, Hindustan Unilever has no debt. For the three months ended June 2022, the company recorded a developer stake of 61.90%, an FII stake of 13.30% (down 0.36% QoQ), a DII stake of 12.20 % (up 0.59% QoQ) and a public stake of 12.60%. (down 0.23% Q/Q).

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