Hindustan Zinc Dividend News: Stock To Trade Ex-Dividend Next Week; Check Date, Other Details Here

Hindustan Zinc shares will trade ex-dividend on December 14. The share price of Hindustan Zinc Ltd closed 0.34% lower at Rs 322.95 per share on Friday. Hindustan Zinc, a subsidiary of Vedanta Limited is a large-cap stock operating in the metals-non-ferrous sector. The company commands a market capitalization of 1,36,456.68 crore. At the current share price of Rs 322, the company has a dividend yield of 14.26%, according to Trendlyne data.

On December 6, 2023, the company announced that the Board of Directors of the Company has approved 2 nd Interim Dividend of Rs. 6 per equity share i.e. 300% on the face value of Rs. 2/- per share for the Financial Year 2023-24 amounting to Rs. 2535.19 Crores. Following this announcement, Hindustan Zinc shares traded 0.22% higher at Rs 325.60 per share at 10:26 am IST.

The company has set December 14, 2023, as the record date for the purpose of payment of interim dividend.
On Wednesday, in an exchange filing the company said, "In continuation to our letter dated December 03, 2023 and under Regulation 30 of Listing Regulations, we wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Wednesday, December 06, 2023 have approved 2 nd Interim Dividend of Rs. 6 per equity share i.e. 300% on face value of Rs. 2/- per share for the Financial Year 2023-24 amounting to Rs. 2535.19 Crore."

Hindustan Zinc is a dividend-paying stock and the company has declared 41 dividends since June 28, 2001, according to Trendlyne data. In the past 12 months, Hindustan Zinc Ltd. has declared an equity dividend amounting to Rs 46.00 per share. The stock has a 52-week high and 52-week low of Rs 383.00 and Rs 290.55 per share. In the last one year, Hindustan Zinc shares have gained 3.64%.

Hindustan Zinc record date for payment of interim dividend

The company has fixed December 14 as the record date for the purpose of payment of the interim dividend.

Hindustan Zinc share price performance:

Hindustan Zinc shares have gained 1.86% in the last one year, while the stock is down 0.63% in this year so far. In the last two years, the stock has fallen 10.74%. In the last six months, the stock has gained 6.18%.

About the company:

Hindustan Zinc is India's largest and the world's second-largest integrated zinc producer. With a total R&R base of 460.1 million tonnes and an average zinc-lead grade of 6.8%, our mine life is over 25 years. The company claims to be the 5th largest silver producer globally with an annual capacity of 800 MT.

Hindustan Zinc is a subsidiary of Vedanta Limited which owns a 64.9% stake in the Company while the Government of India retains a 29.5% stake.

Hindustan Zinc's operations comprise lead-zinc mines, hydrometallurgical zinc smelters, lead smelters, pyro metallurgical lead-zinc smelters as well as sulphuric acid and captive power plants in northwest India.

In Q2FY24 results, the company saw a decline of 6.74% in revenue compared to the previous quarter, and the company's profit fell by 11.97% (QoQ).