Hindustan Zinc declares 2nd interim dividend of Rs 15.5

17 Nov 2022 , 08:49 AM

The mining company Hindustan Zinc, which is under the leadership of Anil Agarwal, today announced a second interim dividend of Rs15.5 per share, or 775%, with a face value of Rs 2 per unit for the current fiscal year. The dividend, according to the company’s filing, will total Rs6,549.2 crore.

The interim dividend’s record date, November 24, had already been established by the corporation. According to the filing, the second interim dividend will be paid within the legal deadlines. The ex-date for the dividend is November 23, therefore investors who want to purchase stock in order to receive the dividend should do so before that day.

The company had already declared Rs21 as the first interim dividend for FY23. The corporation had declared a total dividend of Rs18 per share in the prior fiscal year. At the share prices in effect right now, this yields a dividend yield of more than 5%.

38 dividends have been declared by the corporation since June 28, 2001, according to Trendlyne statistics.

A large-cap stock with a market cap of Rs1,34,000 crore is Hindustan Zinc. The business is the largest zinc-lead miner in the nation and the second largest in the globe.

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