Hindustan Unilever Board declares Interim Dividend of Rs.4.50 & Special Dividend of Rs.8

The Board of Directors of Hindustan Unilever Ltd at its meeting held on October 26, 2012, has declared an Interim Dividend of Rs. 4.50 per equity share of face value of Re. 1/- each for the financial year ending March 31, 2013. In addition, the Board of Directors has also declared a Special Dividend of Rs. 8.00 per equity share of face value of Re. 1/- each. The payment of Special Dividend will be made out of the accumulated Profit & Loss Account balance and the exceptional income generated primarily through the sale of properties in the first half of financial year ending March 31, 2013.

The dividend will be paid to the shareholders on or after November 16, 2012.

The Hindustan Unilever stock was trading at Rs.554.25, down by Rs.9.55 or 1.69%. The stock hit an intraday high of Rs.569.25 and low of Rs.549.60.

The total traded quantity was 5.30 lakhs compared to 2 week average of 0.99 lakhs.

Source : Equity Bulls

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