Rs 40/Share Dividend: FMCG Stock To Declare Dividend; Hit 52-Week High 9 Months Ago

Large cap FMCG company Hindustan Unilever Ltd will hold its meeting of Board of Directors on April 24, 2024 to consider financial results for the quarter ended March 31, 2024 and final dividend, if any. Last trading price of HUL share on BSE is Rs 2233.00 per share with intraday fall of 1.33%. HUL shares are trading just 0.49% away from 52-week low price of Rs 2222.00 per share. The company has a market capitalisation of Rs 5,24,663.73 crore. HUL shares hit last 52-week high on July 7, 2023. Check details below:

Shares of Hindustan Unilever Ltd witnessed sharp decline in last 1-year. Analysts at Emkay Global Financial Services feel sluggish demand, competitive pressure, distribution stress, and soaring royalty rates may have an overhang on HUL's valuations.

Hindustan Unilever Ltd To Announce Dividend, Results: As per the regulatory filing of the company, "a meeting of the Board of Directors of the Company will be held on Wednesday, 24th April, 2024, inter alia, to consider the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended 31st March, 2024 along with the Audit Report for the corresponding period."

We shall intimate the Audited Standalone and Consolidated Financial Results and details of Final Dividend, if any, as recommended by the Board to the Exchanges upon the conclusion of the aforesaid Board Meeting and will arrange for announcement of the same in the Press as required under Listing Regulations, 2015, added the BSE filing of HUL.

HUL Dividend History: Hindustan Unilever declared 49 dividends since March 27, 2001. In last 1 year, HUL declared an equity dividend amounting to Rs 40.00 per share. At the current share price of Rs 2233.00, HUL offers a dividend yield of 1.79%.

Hindustan Unilever Share Performance: The 52-week high price of Hindustan Unilever shares on BSE is Rs 2768.50 per share (as on 07/07/2023) and 52-week low price is Rs 2222.00 per share (as on 26/03/2024). HUL shares declined 16% ytd, fell 12% in last 1-year, and soared over 4% in last 2-years, and gained 30% in last 5-years.

HUL Q2 Results: Earlier, FMCG company Hindustan Unilever Ltd (HUL) declared a marginal surge of 0.6% year-on-year (YoY) in net profit to Rs 2,519 crore from Rs 2505 crore in the corresponding quarter of last year. Sequentially, bottomline fell 7.3% and topline declined 0.6%. The company's earnings before interest, taxes, depreciation and amortization (EBITDA) surged slightly by 0.1% YoY to Rs 3,540 crore as operating margins grew merely 10 basis points on year to 23.7%. Its revenue from operations witnessed marginal decline of 0.3% YoY to Rs 15,188 crore.

HUL Dividend In Q2: HUL declared an interim dividend of Rs. 18/- per equity share of face value of Re. 1/- each for the financial year ending 31st March, 2024.

Hindustan Unilever About: Hindustan Unilever Limited is India's largest Fast Moving Consumer Goods (FMCG) Company with a 90-year heritage in the country. It has a wide and resilient portfolio of 50+ brands, spanning 16 FMCG categories, which are a part of everyday life of millions of consumers across India. It manufactures more than 65 billion units annually, that are made available to our consumers through nine million retail outlets and many digital commerce platforms, according to its official website.