Hindustan Zinc shares edge higher post board meeting; announces 300% dividend

Hindustan Zinc dividend announcement, Hindustan Zinc board meeting today, Hindustan Zinc dividend December 2023: Hindustan Zinc shares edged higher on Wednesday, December 6 post the subsidiary of Vedanta's board meeting today. The company announced an interim dividend of Rs 6 per equity share i.e. 300 per cent payout on face value of Rs 2 per share for the Financial Year 2023-24 amounting to Rs 2535.19 crore. Hindustan Zinc shares rose over two per cent to touch the day's high of Rs 332 on NSE. The counter traded 0.2 per centor Rs 0.65 higher at Rs 325.65 on NSE at 9:45 AM. 

Hindustan Zinc dividend record date 

The record date for the purpose of payment of interim dividend is fixed as December 14 Thursday.

Hindustan Zinc dividend payment date 2023 

The interim dividend will be paid within stipulated timelines as prescribed under law, the company's regulatory filing read.

Hindustan Zinc dividend history

Hindustan Zinc has declared an equity dividend amounting to Rs 46 per share, in the past 12 months, resulting in a dividend yield of 14.15 per cent, at a share price of Rs 325.

Source: NSE

What does Hindustan Zinc do?

Hindustan Zinc is the world’s 2nd largest integrated Zinc producer and 5th largest Silver producer globally, according to its official website. The company’s mines are located at Rampura Agucha, Sindesar Khurd, Rajpura Dariba, Zawar and Kayad in the state of Rajasthan. The current ore production capacity stands at 16.34 million tonne per annum and is expanding its mining capacities.

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