500% Dividend Payout: Vedanta Subsidiary To Pay Rs 10/Share Dividend, Record Date May 15

Vedanta Limited's subsidiary Hindustan Zinc Ltd (HZL) shares declined 3.08% today despite approving an interim dividend of Rs 10 per equity share i.e. 500% of the face value of Rs 2 per equity share. Current market price of Hindustan Zinc share on BSE is Rs 449.75 apiece. However, Hindustan Zinc shares rallied 5.47% in last 1-week and 54% in last 6-months. Meanwhile, promoters holding remains unchanged at 64.92% in March 2024 quarter. FII/FPI have decreased holdings from 0.69% to 0.60% in March 2024 quarter. Lici Ulip-Growth Fund has 2.78% stake in Hindustan Zinc with 117,278,499 shares of the company. More details below:

Hindustan Zinc Approves Interim Dividend: As per the regulatory filing of Hindustan Zinc dated May 7, 2024, "we wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Tuesday, May 07, 2024, consented by majority of directors at 11:00 am, approved the Interim Dividend of Rs. 10/- per equity share i.e. 500% on face value of Rs. 2/- per equity share for the Financial Year 2024-25 amounting to Rs. 4,225.32 Crores."

The record date for the purpose of payment of interim dividend, as already communicated is Wednesday, May 15, 2024 and the Interim Dividend shall be duly paid within the stipulated timelines as prescribed under law, added the exchange filing.

Hindustan Zinc Dividend History: Hindustan Zinc announced 41 dividends since June 28, 2001. In the past 12 months, Hindustan Zinc announced an equity dividend amounting to Rs 13.00 per share. At the current share price of Rs 449.75 per share, Hindustan Zinc Ltd offers a dividend yield of 2.86%.

Hindustan Zinc Stock Split History: Hindustan Zinc split face value of its share once since March 7, 2011. Hindustan Zinc last split the face value of its shares from Rs 10 to Rs 2 in 2011. The share traded ex-split from March 7, 2011.

Hindustan Zinc Bonus Share History: Hindustan Zinc offered 1 bonus issue since March 7, 2011. The last Bonus that Hindustan Zinc Ltd declared was in the ratio of 1:1 with ex-date set as March 7, 2011.

Hindustan Zinc Share Performance: The 52-week high price of Hindustan Zinc stock is Rs 478.05 per share (as on 03/05/2024) and 52-week low price is Rs 285.00 per share (as on 15/03/2024), respectively. The company operating in zinc industry has a market capitalisation of Rs 1,89,906.96 crore. Hindustan Zinc offered return of 32% in last 1-month, soared 43% in last 3-months, jumped 45% in last 1-year, and gave return of 68% in last 5-years.

Hindustan Zinc Ltd About: Hindustan Zinc is India's largest and world's second largest integrated zinc producer. It is the 5th largest silver producers globally with an annual capacity of 800 MT. It is a subsidiary of Vedanta Limited which owns 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 smelter as well as sulphuric acid and captive power plants in northwest India, according to its official website.

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