HUL drops ex-dividend

Hindustan Unilever fell 0.83% to Rs 864.90 at 9:43 IST on BSE as the stock turned ex-dividend today, 22 June 2016, for final dividend of Rs 9.50 per share for the year ended 31 March 2016.

Meanwhile, the S&P BSE Sensex was up 10.62 points or 0.04% at 26,823.40.

On BSE, so far 5,793 shares were traded in the counter as against average daily volume of 1.02 lakh shares in the past one quarter. The stock hit a high of Rs 867 and a low of Rs 862.05 so far during the day. The stock had hit a 52-week low of Rs 765.35 on 27 January 2016. The stock had hit a 52-week high of Rs 944 on 8 July 2015. The stock had outperformed the market over the past one month till 21 June 2016, advancing 7.32% compared with Sensex's 5.97% rise. The scrip had, however, underperformed the market in past one quarter, sliding 0.94% as against Sensex's 6.04% rise.

The large-cap company has equity capital of Rs 216.42 crore. Face value per share is Rs 1.

Before turning ex-dividend, the stock offered a dividend yield of 1.08% based on the closing price of Rs 872.10 on BSE yesterday, 21 June 2016.

Hindustan Unilever's (HUL) net profit rose 7% to Rs 1089.59 crore on 3.4% growth in net sales to Rs 7809.40 crore in Q4 March 2016 over Q4 March 2015.

HUL is a leading fast moving consumer goods (FMCG) company.

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