GulfHindi English Desk: Hindustan Zinc Limited, a subsidiary of Vedanta, has announced interim dividends for the financial year 2023-24. The company has declared an interim dividend of ₹7 per share for its eligible shareholders. This dividend represents a 350% return on the face value of ₹2.
The Board of Directors of Hindustan Zinc has approved this dividend announcement. The record date for the company’s dividend has been set as July 15, 2023.
Hindustan Zinc is known for being one of the highest dividend-paying shares in the market. Earlier this year, the company announced dividends of ₹13 per share in January and ₹26 per share in March.
With the latest dividend announcement, the total dividend declared by Hindustan Zinc for the year 2023 amounts to ₹46 (₹13 + ₹26 + ₹7).
Vedanta, owned by Anil Agarwal, has pledged 3.3% of its total equity or 13.94 crore shares of Hindustan Zinc. Vedanta has placed almost all of its ownership in Hindustan Zinc as collateral. Vedanta currently holds a 64.92% stake in Hindustan Zinc.
In summary, Hindustan Zinc has announced an interim dividend of ₹7 per share for the financial year 2023-24. This dividend is part of the company’s history of consistently providing high dividends to its shareholders.
en.gulfhindi.com News Summary
👉Hindustan Zinc Limited has announced an interim dividend for the financial year 2023-24.
👉The company has declared an interim dividend of ₹7 per share for its eligible shareholders, which is 350% on the face value of ₹2.
👉The company’s board of directors has approved this dividend announcement, and the record date for Hindustan Zinc’s dividend is set for July 15, 2023.
👉Hindustan Zinc is one of the highest dividend-paying shares in the market. Earlier this year, the company announced dividends of ₹13 per share in January and ₹26 per share in March.
👉The total dividend announced by Hindustan Zinc for the year 2023 is ₹46 (₹13 + ₹26 + ₹7).
👉Vedanta, owned by Anil Agarwal, has pledged 3.3% of Hindustan Zinc’s total equity, which amounts to 13.94 crore shares. Vedanta has pledged almost all of its stake in Hindustan Zinc, holding a 64.92% stake.
👉Important summary of Hindustan Zinc’s key facts:
👉Interim dividend amount: ₹7 per share.
👉Record date for dividend: July 15, 2023.
👉Total dividend for 2023: ₹46 (₹13 + ₹26 + ₹7).
👉Vedanta’s stake in Hindustan Zinc: 64.92%.
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