FMCG major Hindustan Unilever (HUL) is all set to spend Rs 2,084 crore for dividend payment to shareholders as well as the dividend distribution tax in the current fiscal.
The company’s board has declared an interim dividend of Rs 8 per share of face value Re 1 each for the year ending March 2018. The dividend amounting to Rs 1,732 crore will cover about 216 crore shares. Besides, there is a Rs 352 crore dividend distribution tax which will be borne by the company.
Last fiscal, the company had paid dividends amounting to Rs 1,515 crore for similar number of shares, down 14.32 per cent. The dividend distribution tax was Rs 308 crore last year.
Company Name | CMP |
---|---|
Hindustan Unilever | 2510.25 |
Godrej Consumer Prod | 1367.05 |
Dabur India | 610.00 |
Colgate Palmol. (I) | 2883.45 |
Galaxy Surfactants | 2775.00 |
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