Wednesday, March 29, 2023
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HomeMarketStocksHindustan Zinc announces Rs 15.5 second interim dividend for FY23

Hindustan Zinc announces Rs 15.5 second interim dividend for FY23

Anil Agarwal-led mining firm Hindustan Zinc right this moment introduced a second interim dividend of Rs 15.5 per share or 775% for a face worth of Rs 2 per unit for the continuing monetary yr. The submitting by the corporate stated the dividend will quantity to Rs 6,549.2 crore.

The corporate had already declared November 24 because the document date for the interim dividend. The second interim dividend shall be paid inside stipulated timelines as prescribed beneath legislation, learn the submitting. Ex-date for the dividend shall be November 23, implying traders who want to purchase the inventory for the dividend ought to do it earlier than November 23.

Previous to this, the corporate had declared Rs 21 per share as the primary interim dividend for FY23. Within the earlier monetary yr, the corporate had introduced a complete of Rs 18 per share dividend. This on the present share costs ends in a dividend yield of over 5%.

Since June 28, 2001, the corporate has declared 38 dividends, Trendlyne information confirmed.

Of the 14 analysts calls on the counter, 2 recommend a purchase, whereas 5 advocate holding the inventory and different 7 recommend to promote the counter.

Hindustan Zinc is a big cap inventory with a market capitalisation of Rs 1,34,000 crore. The corporate is the nation’s largest and world’s second largest zinc-lead miner.

(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Occasions)

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