300% Dividend: Hindustan Zinc declares second interim dividend
Vedanta subsidiary Hindustan Zinc announced its second interim dividend on Wednesday i.e. December 6. Earlier in July, Anil Agarwal-led company had declared an interim dividend of Rs 7 per share to its eligible shareholders.The company has now announced the second interim dividend of Rs 6 per equity share or 300 per cent on the face value of Rs 2 per share for the Financial Year 2023-24.”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% on the face value of Rs. 2/- per share for the Financial Year 2023-24 amounting to Rs. 2535.19 crores,” the company said in an exchange filing.TRENDING NOWCommodity Capsule: Brent crude oil range-bound; gold steady, base metal riseIndraprastha Medical Corp stock hits lower circuit; Apollo Hospitals trades in green amid allegations of kidney transplant malpracticesGovernment seeks nod from Lok Sabha for net additional spending of Rs 58,378 crore this fiscal300% Dividend: Hindustan Zinc declares second interim dividend – Check record date and other detailsAngel One notches over 10% gains to mark all-time high: Know what triggered gainsGold and Silver price today (December 6, 2023): Precious metal trade higher; Gold above Rs 62,250NCLT approves demerger plan of PAIL: Check share swap ratioAnil Singhvi strategy December 6: Important levels to track in Nifty50, Nifty Bank todayTraders’ Diary: Buy, sell or hold strategy on Birlasoft, JK Tyre, Coromandel International, Vedant Fashions, Blue Dart, over a dozen other stocks todayHindustan Zinc shares edge higher post board meeting; announces 300% dividendMicrosoft creates ‘Deep Search’ feature for Bing powered by GPT-4BCL Industries’s subsidiary wins Rs 228 crore order for supply of Ethanol from state-run BPCL, HPCL, Indian OilCyclone Michaung news: Tamil Nadu CM Stalin writes to PM Modi, seeks relief fundAnimal OTT Release Confirmed: Ranbir Kapoor, Bobby Deol starrer OTT release details out5.2-magnitude quake rocks PhilippinesThe company has already announced the record date for the payment of the interim dividend to eligible shareholders. The record date for the payment of Hindustan Zinc Dividend 2023 is December 14.The record date is the cut-off date that helps companies determine which shareholders are eligible to receive a dividend or distribution.”The record date for the purpose of payment of interim dividend, as already communicated is Thursday, December 14, 2023,” the company said.According to Hindustan Zinc, the interim dividend will be paid within stipulated timelines as prescribed under law.The stock of Hindustan Zinc has a dividend yield of 15.8 per cent.Hindustan Zinc is one of the highest dividend-paying stocks. Before the announcement of the second interim dividend, the company had already declared dividends amounting to Rs 46 per share, in the past 12 months.
