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“Hindustan Zinc Announces Fourth Interim Dividend of ₹26 per Share with Fixed Record Date”

The fourth interim dividend has been accepted by the company’s board, according to state-owned Hindustan Zinc Ltd. 26 for each equity share during the 2022–2023 fiscal year.

In a filing, the company stated: “We wish to inform you that the Board of Directors of the Company in its meeting held on March 21, 2023 has approved 4th Interim Dividend 26/- per equity share, which is 1300% on the face value of Rs. Amount of 2/- per share for the financial year 2022–23 10985.83 crore.

As of right now, Hindustan Zinc has set March 29, 2023 as the record date for evaluating whether stockholders are qualified to receive the proposed dividend.

According to the corporation, the fourth interim dividend will be paid within the legal deadline.

The business previously said that the aforementioned interim dividend will be paid to shareholders whose names appear as beneficial owners of the shares as of March 29, the record date, in the company’s membership register or in the records of the depositories.

Hindustan Zinc Dividend

Since June 28, 2001, Hindustan Zinc has declared 39 dividends. According to statistics from Trendline, the company declared equity dividends worth 49.50 per share over the previous twelve months.

with a dividend yield of 15.94% at the stock’s current price of 310.60 per share.

In Tuesday’s trading, Hindustan Zinc Ltd. ended at Rs. 311, up 0.13 percent. The stock’s 52-week high and low were 383 and 242.40, respectively.


Also Read: “IT Stock Surges Over 600% in One Year, Announces 1:10 Stock Split as Growth Continues”

 

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