Active Stocks
Fri Sep 29 2023 15:59:14
  1. Tata Steel share price
  2. 129 1.78%
  1. NTPC share price
  2. 245.65 3.3%
  1. Power Grid Corporation Of India share price
  2. 199.85 -0.45%
  1. State Bank Of India share price
  2. 598.7 1.48%
  1. Wipro share price
  2. 406.25 0.11%
Business News/ Markets / Stock Markets/  Vedanta subsidiary Hindustan Zinc declares third dividend in 2023. Board approves 7 per share interim dividend

Vedanta subsidiary Hindustan Zinc declares third dividend in 2023. Board approves ₹7 per share interim dividend

Hindustan Zinc dividend: Record date for interim dividend has been fixed on 15th July 2023

Vedanta subsidiary Hindustan Zinc has announced  ₹46 per share dividend ( ₹13 +  ₹26 +  ₹7) to its positional shareholders in 2023 (MINT)Premium
Vedanta subsidiary Hindustan Zinc has announced 46 per share dividend ( 13 + 26 + 7) to its positional shareholders in 2023 (MINT)

Hindustan Zinc dividend: Vedanta subsidiary Hindustan Zinc Ltd has declared interim dividend of 7 per share to its eligible shareholders in the financial year 2023-24. Hindustan Zinc dividend record date has already fixed on 115th July 2023.

Vedanta subsidiary company informed Indian stock market bourses about the decision citing, “In continuation to our letter dated July 05, 2023 and pursuant to Regulation 30 of Listing Regulations, we wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Saturday, July 08, 2023 have approved Interim Dividend of Rs. 7 per equity share i.e. 350% on face value of Rs. 2/- per share for the Financial Year 2023-24 amounting to Rs. 2957.72 Crores."

On dividend record date, Hindustan Zinc Ltd said, "The record date for the purpose of payment of interim dividend, as already communicated is Saturday July 15, 2023. The interim dividend will be paid within stipulated timelines as prescribed under law."

Hindustan Zinc dividend history

Hindustan Zinc Ltd is one of the dividend paying stocks listed on Dalal Street. In 2023, it has given dividend of 13 in January and 26 per share in March 2023. So, in 22023, this will be the third dividend that the Vedanta subsidiary company has declared. And the total dividend declared by Hindustan Zinc in 2023 is 46 ( 13 + 26 + 7).

Vedanta dividend yield

At the beginning of 2023, Hindustan Zinc share price was around 315 whereas it has given total 46 dividend in this year. This means, net dividend yield of this Vedanta subsidiary company in 2023 is at 14.60 per cent, which is much higher than the Public Provident Fund (PPF) interest rate being given in this time. In fact, this dividend yield is much higher than 6 to 6.50 per cent return given by bank fixed deposits.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 08 Jul 2023, 11:07 AM IST
Next Story
Recommended For You

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App