Hindustan Zinc: Hindustan Zinc publicizes Rs 15.5 second interim dividend for FY23

Anil Agarwal-led mining firm Hindustan Zinc immediately 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 report date for the interim dividend. The second interim dividend might be paid inside stipulated timelines as prescribed below legislation, learn the submitting. Ex-date for the dividend might 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 knowledge 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.

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