Hindustan Unilever drops ex-dividend

Hindustan Unilever fell 1.64% to Rs 1,105.30 at 10:06 IST on BSE after the stock turned ex-dividend today, 22 June 2017, for final dividend of Rs 10 per share for the year ended 31 March 2017.

Meanwhile, the S&P BSE Sensex was up 132.06 points, or 0.42% at 31,415.70.

On the BSE, 12,000 shares were traded on the counter so far as against the average daily volumes of 1.32 lakh shares in the past one quarter. The stock had hit a high of Rs 1,118.80 and a low of Rs 1,105 so far during the day. The stock had hit a record high of Rs 1,128 on 21 June 2017 and a 52-week low of Rs 782.95 on 23 December 2016.

 

The stock had outperformed the market over the past one month till 21 June 2017, advancing 11.53% compared with the Sensex's 2.69% rise. The scrip had also outperformed the market over the past one quarter advancing 24.33% as against the Sensex's 6.1% rise. The scrip had also outperformed the market over the past one year advancing 28.85% as against the Sensex's 16.67% rise.

The large-cap company has equity capital of Rs 216.45 crore. Face value per share is Rs 1.

Before turning ex-dividend, the stock offered a dividend yield of 0.89% based on the closing price of Rs 1,123.70 yesterday, 21 June 2017.

Hindustan Unilever's net profit rose 6.2% to Rs 1183 crore on 6.8% increase in net sales to Rs 8100 crore in Q4 March 2017 over Q4 March 2016.

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

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