Hindustan Unilever Ltd board declares interim dividend of Rs. 9.50 for FY21

The board of directors of Hindustan Unilever Ltd at its meeting held today, has declared an interim (special) dividend of Rs. 9.50 per equity share of face value of Re. 1/- each for the financial year ending 31st March, 2021.

The record date for the purpose of determining the entitlement of the shareholders for the interim (special) dividend has been fixed as Friday, 31st July, 2020, and dividend will be paid to the shareholders on or after Monday, 17th August, 2020.

The dividend has been declared in pursuance of the order of the Hon'ble National Company Law Tribunal, Mumbai Bench, pursuant to its order dated 30th August, 2018, through which the Tribunal had approved the Scheme of Arrangement for transfer of the balance of Rs. 2,187.33 crores standing to the credit of General Reserve to the Profit and Loss Account. In accordance with the terms of the scheme, the Board of Directors approved the distribution by means of a special dividend of Rs. 9.50 per equity share face value of Re.1 each resulting in total dividend payout to Rs. 2,232 crores.

Shares of HINDUSTAN UNILEVER LTD. was last trading in BSE at Rs.2319.1 as compared to the previous close of Rs. 2330.35. The total number of shares traded during the day was 117262 in over 6661 trades.

The stock hit an intraday high of Rs. 2350 and intraday low of 2308.65. The net turnover during the day was Rs. 272682050.

Source : Equity Bulls

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