51st Dividend Likely On Oct 23: Large Cap FMCG Stock To Consider Results, Should You Buy?

Large cap FMCG player, Hindustan Unilever Ltd (HUL) on October 23, 2024 will consider financial results and the proposal of interim dividend, if any for the financial year ending March 31st 2025. Last trading price of Hindustan Unilever Ltd shares on BSE is Rs 2693.60 per share. The large cap FMCG giant's market cap stood at Rs 6,32,885.90 crore. Hindustan Unilever Ltd shares declined over 9% in last 1-month and gained 21% in last 6-months.

Hindustan Unilever Ltd on April 24, 2024 recommended a final dividend of Rs. 24/- for the financial year ended 31st March, 2024. It had earlier paid an interim dividend of Rs. 18/- per share on 16th November, 2023. Check details below:

Hindustan Unilever Ltd To Consider Results, Interim Dividend: As per the exchange filing of Hindustan Unilever Ltd dated October 10, 2024, "a meeting of the Board of Directors of the Company will be held on Wednesday, 23rdOctober, 2024, inter alia, to consider:
- the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2024 along with the Limited Review Report of the Auditors for the corresponding period.
- consider the proposal for payment of Interim Dividend, if any, for the Financial Year ending 31st March, 2025."

HUL Sets Record Date For Interim Dividend: The exchange filing stated, "Please note that the Record Date for the purpose of determining the entitlement of the shareholders for the Interim Dividend, if any, has been fixed as Wednesday, 6th November, 2024."

HUL Shares Performance: HUL shares declined over 4% in last 2-weeks, and 9.60% in last 1-month. The 52-week high price of HUL shares on BSE is Rs 3034.50 per share (as on 23/09/2024) and 52-week low price is Rs 2170.25 per share (as on 16/04/2024), respectively.

HUL Dividend History: Hindustan Unilever recommended 50 dividends since March 27, 2001. In last 1-year, HUL recommended an equity dividend amounting to Rs 42.00 per share. At the current share price of Rs 2693.60, HUL offers a dividend yield of 1.56%.

Shareholding Pattern: FII/FPI decreased holdings from 12.67% to 11.87% in June 2024 quarter. Number of FII/FPI investors increased from 1925 to 1951 in June 2024 quarter. Mutual Funds have increased holdings from 5.01% to 5.58% in June 2024 quarter. Number of MF schemes increased from 333 to 362 in June 2024 quarter. Institutional Investors have increased holdings from 25.95% to 26.04% in June 2024 quarter. Lici Market Plus Balanced Fund has 5.16% stake in HUL with 121,161,787 shares of the company.

Buy Call: LKP Securities has recommended buy call to HUL shares with target price of Rs 3050 per share and maintain the stop loss at Rs 2665 per share.

Meanwhile, Prabhudas Lilladher recommended buy call to HUL shares with target price of Rs 3040 and keep the stop loss at Rs 2680 per share. The analyst said HUL registered a correction from the Rs 3,035 level and indicated signs of bottoming out near Rs 2,730 zone with a pullback indicated to improve the bias, and further rally can take place.

Hindustan Unilever About: Hindustan Unilever Limited is India's largest Fast Moving Consumer Goods (FMCG) Company with a 90-year heritage in the country. It has a wide and resilient portfolio of 50+ brands, spanning 16 FMCG categories, which are a part of everyday life of millions of consumers across India. It manufactures more than 65 billion units annually, that are made available to our consumers through nine million retail outlets and many digital commerce platforms, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of LKP Securities AND Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.