Hindustan Zinc dividend 2023: Shares to trade ex-date on Thursday
Hindustan Zinc dividend 2023: On December 6, the board of Vedanta subsidiary HZL declared an interim dividend of Rs 6 per equity share for eligible shareholders, a 300 per cent payout given the face value of Rs 2 per share.
Hindustan Zinc dividend 2023, Hindustan Zinc dividend record date, Hindustan Zinc dividend news: Hindustan Zinc shares will start trading ex-dividend this week after the miner last week announced its second interim dividend for the current financial year.
Vedanta subsidiary HZL announces dividend
On December 6, the board of Vedanta subsidiary HZL declared an interim dividend of Rs 6 per equity share for eligible shareholders, a 300 per cent payout given the face value of Rs 2 per share. "The Board of Directors of the Company through a resolution passed by circulation on Wednesday, December 06, 2023 have approved 2nd Interim Dividend of Rs. 6 per equity share i.e. 300 per cent on the face value of Rs. 2/- per share for the Financial Year 2023-24 amounting to Rs. 2535.19 crores," Hindustan Zinc said in an exchange filing.
Hindustan Zinc dividend record date 2023
Hindustan Zinc has set December 14 as the record date for the interim dividend. "The record date for the purpose of payment of interim dividend, as already communicated is Thursday, December 14, 2023," according to the filing.
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Hindustan Zinc dividend payment date 2023, Hindustan Zinc dividend payout date 2023
The interim dividend will be paid within stipulated timelines as prescribed under law, according to the company.
Hindustan Zinc dividend yield
HZL shares are among the largecap stocks offering highest dividend yield. Its dividend yield stands at 16.1 per cent, calculated as per the previous close of Rs 322.65 on NSE.
Hindustan Zinc dividend history
In the past 12 months, Hindustan Zinc has declared equity dividends amounting to Rs 52 per share.
Hindustan Zinc share price history
On Monday, Hindustan Zinc shares edged higher to Rs 324.55 apiece on NSE. The stock has delivered a return of almost 10 per cent in six months, underperforming a 12.7 per cent rise in the headline Nifty50 index.
What does Hindustan Zinc do?
Hindustan Zinc is the world’s second largest integrated zinc producer and the fifth largest silver producer, according to its official website. The company’s mines are located in Rampura Agucha, Sindesar Khurd, Rajpura Dariba, Zawar and Kayad in Rajasthan. The company is expanding its mining capacities. Its current ore production capacity stands at 16.34 million tonne per annum.