Friday, July 12, 2024
Home News Hindustan Zinc shares trade ex-dividend today on record date; stock falls

Hindustan Zinc shares trade ex-dividend today on record date; stock falls


Hindustan Zinc Ltd stock declined by more than 2%, The stock began exchanging ex-profit on record date as 295 on BSE in the early exchanging meeting on Wednesday, which is fixed on Walk 29, 2023.

The billionaire Anil Agarwal-owned Hindustan Zinc Limited declared its fourth interim dividend, worth 10,985.8 crores, at 26 cents per share. As previously stated, the record date for dividend payment is March 29, 2023, according to the exchange filing.

India’s largest integrated zinc, lead, and silver producer HZL has declared its highest dividend ever with this fourth dividend. 32,000 crore for FY23.

On July 20, 2022, Hindustan Zinc traded ex-dividend for the first time in the three previous interim dividends. 21 for FY23 per share. Traded Ex-Dividend to be paid on November 23, 2022, at 15.50 cents per share, and on January 30, 2023, at 13 cents per share, for FY23.

Since the Indian government, which has approximately 30, strongly opposes a plan to raise $3 billion by selling a zinc manufacturing unit to Hindustan Zinc Ltd., Vedanta Resources is relying heavily on dividends from its units to help reduce its $7.7 billion net debt. Bloomberg reports that Hindustan Zinc has threatened legal action to prevent the sale due to concerns about related party transactions and high valuations.

In the meantime, Vedanta Ltd. will pay a fifth dividend for the fiscal year that ends on Friday, and parent company Vedanta Resources Ltd. is trying to get money to pay down debt. Bloomberg’s calculations indicate that Vedanta Ltd. will pay out approximately 377 billion rupees for the year, including the earlier dividend.


Markets end FY23 in style; Sensex Nifty rally nearly 2% on firm global trends

Market, The final day of the fiscal year 2022-23 saw gains for benchmark indices, with a gain of nearly 2% on Friday, extending gains for...

Day trading guide for today: 6 stocks to buy or sell on Friday — 31st March

Trading, Day trading guide for today: Indian shares gained on Wednesday as global markets' increased risk appetite was aided by easing in the banking industry....

Financial, IT stocks aid Indian shares snap three-month losing streak

Financial, By Bharat Rajeshwaran BENGALURU (Reuters) - Indian shares rose on Friday, supported by a higher weighting of financial stocks and information technology (IT) stocks,...


Please enter your comment!
Please enter your name here


Most Popular

Trading the Inside Bar Pattern on Pocket Option Platform

Inside Bar Pattern Introduction Price movement on a chart is examined in price action trading. You may use candlesticks to predict where prices will move...

“Unlocking the Secrets: 4 Tricks of Successful Traders on Pocket Option Platform”

For a year, I have been trading on the Pocket Option platform. I sometimes succeed and sometimes fail. However, I was confident that if...

Identifying Mistakes That Lead to Losses on Pocket Option

Why do people lose their money when trading binary options New traders frequently take a significant financial risk while trading binary options. As a result,...

Weekly Income Plan on Pocket Option Platform”

Get weekly returns on Pocket Option It turned out that October was a terrific month for me. I am still able to generate money every...

Recent Comments