Hindustan Zinc dividend payout offsets dull Q2 results
Hindustan Zinc shareholders must be holding on to hope that the dip in the performance in the September quarter is temporary
Hindustan Zinc Ltd has decided to pay out a sizeable dividend of ₹ 20/share in the September quarter. The payout is substantial at ₹ 8,450 crore, with ₹ 5,486 crore going to parent company Vedanta Ltd, ₹ 2,493 crore going to the government, which is the second largest shareholder and the rest to other public shareholders. The government will also get a sizeable dividend distribution tax, of about ₹ 1,738 crore.
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