Hindustan Unilever Confirms T+1 Settlement Cycle Amid Interim Dividend
1 report, 1 independent
Updated 00:00
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What happened
Hindustan Unilever confirmed it operates under India's T+1 settlement cycle. The company's board declared a ₹19 interim dividend on October 28, which is scheduled for payment on November 25. The dividend is tied to the November 12 record date under the T+1 schedule.
From econotimes.com
Why it matters
The interim dividend results in an implied yield of about 0.95% based on the share's closing price of ₹1,990.30 on November 9. The T+1 schedule dictates that a transaction made on Wednesday, November 11, will settle on Thursday, November 12.
From econotimes.com
Who's involved
- Hindustan UnileverIndiconsumer goods company that declared the dividend
- UnileverLarger corporate entity of Hindustan Unilever
- Priya NairManaging Director and CEO at Hindustan Unilever
- Brihanmumbai Municipal CorporationCivic body engaged in a public-private partnership with Hindustan Unilever
- Nitin ParanjpeChairman of Hindustan Unilever
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The entities involved
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Hindustan Unilever
Indiconsumer goods company
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