HUL to consider special interim dividend on July 21.

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Home Page reports: “Shares of Hindustan Unilever (HUL) hit an over 10-week high of Rs 2,274, up 2 percent on the BSE on Monday after the company announced that its board will meet on July 21 to consider special interim dividend. The stock of the fast-moving consumer goods (FMCG) giant has gained nearly 5 percent in the past two trading days. It was trading at its highest level since April 30, 2020″.
“A meeting of the board of directors of the Company will be held on July 21, 2020, through audio-visual to consider the proposal for payment of interim (special) dividend, if any, for the financial year ending March 31, 2021 (FY21),” HUL said in an exchange filing. The board will also consider the financial results for the quarter ended June 30, 2020 (Q1) along with the limited review report of the auditors for the corresponding period, it said”.

“According to analysts, for the April-June quarter (Q1FY21), HUL is likely to witness a revenue decline of 2.4 percent (including acquired company’s sales). Though the company was able to start manufacturing in mid-April, it only reached the previous year’s levels by June 2020”.

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