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HUL drops ex-dividend

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Capital Market
Last Updated : Jul 10 2013 | 11:25 AM IST

Meanwhile, the S&P BSE Sensex was up 9.22 points or 0.05% at 19,448.70.

On BSE, 32,000 shares were traded in the counter as against average daily volume of 2.99 lakh shares in the past one quarter.

The stock hit a high of Rs 601.80 and a low of Rs 598.55 so far during the day. The stock had hit a record high of Rs 631.95 on 5 July 2013. The stock had hit a 52-week low of Rs 432.25 on 7 March 2013.

The stock had outperformed the market over the past one month till 9 July 2013, rising 2.32% compared with the Sensex's 0.05% rise. The scrip had also outperformed the market in past one quarter, surging 28.3% as against Sensex's 6.66% rise.

India's largest FMCG company by sales has equity capital of Rs 216.25 crore. Face value per share is Re 1.

Before turning ex-dividend, the stock offered a dividend yield of 0.99% based on the closing price of Rs 604.85 on Tuesday, 9 July 2013.

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Hindustan Unilever's (HUL) net profit rose 14.7% to Rs 787.20 crore on 12.5% growth in net sales to Rs 6367.14 crore in Q4 March 2013 over Q4 March 2012.

HUL is India's largest FMCG company in terms of sales with over 35 brands spanning 20 distinct categories such as soaps, detergents, shampoos, skin care, toothpastes, deodorants, cosmetics, tea, coffee, packaged foods, ice cream, and water purifiers. HUL is a subsidiary of Unilever Plc, one of the world's leading suppliers of fast moving consumer goods with strong local roots in more than 100 countries across the globe.

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First Published: Jul 10 2013 | 10:34 AM IST

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