1:5 Split, 1:1 Bonus: Vedanta Group Company Turned Ex-Dividend For 950% Dividend; BUY/SELL/HOLD?

Vedanta Group-backed metal giant company, Hindustan Zinc has turned ex-dividend for a second interim dividend payout of Rs 19 per share or 950% for FY25. The last date for eligibility of this dividend was August 28, 2024. Apart from having strong track record of paying one of the highest dividend on Indian market, Hindustan Zinc also carried one bonus issue and one stock split.

On August 28, the company turned ex-dividend for second interim dividend of Rs. 19/- per equity share i.e. 950% on the face value of Rs. 2/- per equity share for the Financial Year 2024-25 amounting to Rs. 8028.11 Crore.

Earlier, Hindustan Zinc turned ex-dividend in May 2024, for its first interim dividend of Rs 10 per share for FY25.

Since June 2001, the company has paid a whopping 43 dividends.

Apart from dividends, HZL carried one bonus issue in March 2011 in the ratio of 1:1. While its only stock split was also done in March of that year, in the ratio of 1:5 where face value of Rs 10 each was split to Rs 2 each.