Hindustan Zinc dividend 2023: Vedanta subsidiary company Hindustan Zinc Limited stated ₹6 per share interim dividend for the financial year 2023-24. The metal company’s board of directors approved this 300 percent interim dividend proposal after passing a resolution at its meeting on Wednesday. The company has already set a dividend record date of December 14, 2023. This would be the fourth time that Hindustan Zinc shares will trade ex-dividend in 2023. Hindustan Zinc shares have already traded ex-dividend in January, March and July 2023.
Details of Hindustan Zinc dividend 2023
Indian stock markets information about ₹6 per share interim dividend, Hindustan Zinc Ltd said, “In pursuance of our letter dated December 03, 2023 and as per Rule 30 of Listing Regulations, we wish to inform you that the Board of Directors of the Company by a resolution passed by circulation on December 30, 2023. Wednesday, December 06, 2023 approved 2nd Interim Dividend of Rs.6 per equity share ie 300% on face value of Rs.2/- per share for the Financial Year 2023- 24 amounting to Rs. 2535.19 Crores.”
Read also: Nifty 50 hits record high for 4th straight day, 41 points away from 21,000
Hindustan Zinc dividend record date
The company board has already declared a record date for an interim dividend on 14 December 2023.
Earlier, Hindustan Zinc Ltd informed Indian exchanges about dividend record date citing, “The record date for eligibility of second interim dividend if any for the FY 2023-24 has been fixed on 14 December 2023.”
Hindustan Zinc dividend history
According to the information available on the BSE website, this is the fourth dividend announced by the Vedanta subsidiary. on January 30, 2023, Hindustan Zinc shares traded ex-dividend for finalization of eligible shareholders for payment of ₹13 per share interim dividend. On 29 March 2023, Hindustan Zinc stock exchanged ex-dividend again for payment of ₹26 per share interim dividend for the financial year 2022-23.
Later, on 14 July 2023, the metal company again exchanged an ex-dividend for payment of a first interim dividend of ₹7 per share in the financial year 2023-24. So, net dividend given by Hindustan Zinc Ltd in 2023 is ₹52 ( ₹13+ ₹26 + ₹7 + ₹6).
Disclaimer: The views and recommendations made above are those of individual analysts or trading companies, and not of Mint. We advise investors to check with certified experts before making any investment decision.
Milestone Warning!Livemint tops charts as the fastest growing news site in the world 🌏 Click here to know more
Catch all Business News, Market News, News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More or less
Published: 06 Dec 2023, 10:53 IST