Dividend Up To Rs 29/Sh, Record Date Next Week: Buy 3 FMCG Stocks To Be Eligible For Dividends

Leading brokerage firms appear upbeat on 3 FMCG sector stocks after the firms declared their quarterly earnings. These three stocks recommended dividends as well for their shareholders. These three stocks are Dabur India Ltd, Colgate-Palmolive, and Hindustan Unilever Limited. Dabur India recommended Rs 2.75 per share dividend while HUL announced a dividend of Rs 29 per share. Colgate-Palmolive recommended an interim dividend of Rs 24 per equity share of the face value of Re 1. Dabur India declared a 17% YoY fall in Q2 FY25 net profit to Rs 425 crore as against the net profit of Rs 515 crore declared in the corresponding quarter of last year. Hindustan Unilever Ltd (HUL) announced a fall of 2.4% in its consolidated net profit for Q2FY25 to Rs 2591 crore as against Rs 2668 crore announced in the corresponding quarter of last year. Check details below:

1. Buy Dabur India Shares

Dabur India shares closed 0.58% higher at Rs 543.10 per share on November 1, 2024. Dabur India shares rallied less than 1% in last 1-week and witnessed decline of 15% in last 3-months. In last 1-year, Dabur India Ltd shares zoomed over 5%. The company declared its revenue for the quarter ended September 2024 at Rs 3029 crore, down 5% as against the revenue of Rs 3204 crore reported in the similar quarter of last year.

Board of Directors of the Company on October 30, 2024 declared an Interim Dividend of Rs. 2.75 per equity share having face value of Re. 1/- each (i.e., 275%) for the financial year 2024-25. In order to become eligible to receive Dabur India dividend, you must buy the shares of the FMCG company before the record date i.e. November 8, 2024. Dabur shares will trade ex-dividend on November 8, 2024. Life Insurance Corporation Of India (LIC) has 3.71% stake in Dabur India as the PSU insurer has 65,828,461 shares of the company as of June quarter.

According to AR Ramchandran, Independent SEBI Research Analyst, "Dabur stock price is bullish on the Daily charts with strong support at 533. A Daily close above resistance of 558 could lead to a target of 619 in the near term." Macquarie assigned neutral rating to Dabur India shares with target price reduced to 560/share.

Life Insurance Corporation Of India (LIC) has 3.71% stake in Dabur India as the PSU insurer has 65,828,461 shares of the company as of June quarter.

2. Buy Hindustan Unilever Ltd Shares

The stock closed with the gain of 0.43% at Rs 2538.35 per share on BSE on November 2, 2024. HUL has a market cap of Rs 5,96,408.50 crore. Hindustan Unilever shares gained over 13% in last 6-months and jumped 2.65% in last 1-year. In last 1-month, Hindustan Unilever shares tanked 13%. HUL declared a jump of 2.1% in its consolidated revenue for the quarter under review at Rs 16,145 crore. HUL recommended a total interim dividend of Rs 29 per equity share of the face value of Re 1/- each.

If you want to be eligible for HUL dividend, you must buy the stock before November 6, 2024 as that is the record date assigned for the FMCG stock. Hindustan Unilever recommended 51 dividends since March 27, 2001. Lici Market Plus Balanced Fund has 5.16% stake in HUL with 121,161,787 shares of the company.

Should You Buy HUL Shares? LKP Securities suggested buy call to HUL shares with target price of Rs 3050 per share and maintain the stop loss at Rs 2665 per share. Meanwhile, Prabhudas Lilladher recommended buy call to HUL shares with target price of Rs 3040 and keep the stop loss at Rs 2680 per share.

3. Buy Colgate-Palmolive India Shares

The stock closed at Rs 3066.10 on Bombay Stock Exchange with gain of 0.19% on November 1, 2024. Colgate-Palmolive India shares dived over 19% in last 1-month and jumped 46% in last 1-year with multibagger returns of 100% in last 3-year. The company reported a jump of 16.2% YoY in its net profit after tax at Rs 395.1 crore for Q2 FY25 as against Rs 340.1 crore declared in the corresponding quarter of last year.

The company also recommended an interim dividend of Rs 24 per equity share of the face value of Re 1/- for the FY 2024-25. Current market price of Colgate-Palmolive India Ltd shares on BSE today is Rs 3207.00 per share. Its market cap is Rs 83,393.52 crore.

Angel One recommended buying Colgate-Palmolive India shares for a target of Rs 4,590 per share. To become eligible for Colagate Palmolive dividend, you must buy the stock before November 4, 2024 as that is the record date that the company has fixed.

Disclaimer: The stock has been picked from the brokerage report of AR Ramchandran, Angel One Macquarie, LKP Securities and Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.