Debt-free bluechip stock sets record date for interim dividend: Do you have?

with a market capitalization of 6,10,623.53 crore, Hindustan Unilever Limited is a blue-chip company dealing in the Fast Moving Consumer Goods (FMCG) industry. Hindustan Unilever Limited (HUL), is the largest fast growing consumer products manufacturer in India, with a presence of nearly 90 years in the country. This includes leading domestic brands including Ponds, Vaseline, Lakme, Dove, Clinique Plus, Sunsilk, Pepsodent, Closeup, X, Simple, Love Beauty Planet, Tresemé, Brooke Bond, Brew, Knorr, Kisan, Kwality Walls, Horlicks and Pureit. Company’s brand portfolio.

Hindustan Unilever has approved an equity dividend of 3400.00% with a face value of Rs. 34. Yield at current share price of dividend for the financial year ended March 2022 equal to Rs.1 2,595 is 1.31%.

On Friday, the company informed the stock exchanges saying that “in accordance with Regulation 29(2) of the SEBI Listing Obligations and Disclosure Requirements, 2015 (‘Listing Regulations, 2015′), a meeting of the Board of Directors of the company shall be held on Friday. , held on October 21, 2022, inter alia: to consider the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2022, as well as the Auditors’ Limited Review Report for the same period; Consider the proposal for payment of interim dividend for the financial year ending March 31, 2023. Wednesday, November 2, 2022. We will report the unaudited standalone and consolidated financial results and the rate of interim dividend declared at the conclusion of the aforesaid Board meeting, if shall inform the exchanges, if any, and arrange for its announcement in the press, as required under the Listing Regulations, 2015.”

Shares of Hindustan Unilever Limited were trading at Rs. 2,595, down 0.73% from the previous close of Rs. 2,614. In contrast to the 20-day average volume of 1,703,559 shares, the total volume of the stock stood at 1,025,923 shares on Friday. The stock has given a multibagger return of 107.83% in the last 5 years and the stock has gained 34% in the previous years. The stock has fallen 1.89% in the last 1 year and on a YTD basis, the stock has gained 9.90% so far in 2022. According to information received from Value Research, there is no debt on Hindustan Unilever. For the quarter ending June 2022, the company recorded promoter shareholding of 61.90%, FIIs of 13.30% (down 0.36% by QoQ), DIIs of 12.20% (up 0.59% by QoQ), and public shareholding of 12.60% . (QoQ down 0.23%).

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