Miniratna PSU Hindustan Copper To Declare Dividend, Shares Gain 180% In 2-Yrs

Hindustan Copper Ltd. will hold its 57th Annual General Meeting on September 26, 2024 and plans to declare dividend as well for financial year 2023-24. Current market price of Hindustan Copper shares on BSE is Rs 323.50 per share with decline of 2.84% in trade today. Hindustan Copper has a market capitalisation of Rs 31,283.23 crore. Hindustan Copper shares offered shareholders return of 180% in last 2-years but slipped over 9% in last 3-months. Check details below:

Hindustan Copper To Hold AGM On September 26, Declare Dividend: As per the exchange filing of Hindustan Copper dated Septemebr 2, 2024, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the Company will remain closed from 20th September, 2024 to 26th September, 2024 (both days inclusive) for taking record of the Members of the Company for the purpose of 57th Annual General Meeting of the Company convened on 26th September, 2024 through Video Conferencing /Other Audio Visual Means and for declaration of dividend for FY 2023-24."

The PSU fixed September 19, 2024 as the record date for dividend.

Hindustan Copper Dividend: Earlier this year on May 24, 2024, Hindustan Copper via its BSE filing stated, "the board has recommended a dividend of 30.11% of PAT for 2023-2024. The payout on this account is estimated to be Rs 88.97 crore to the shareholders of the company."

Hindustan Copper Dividend History: Hindustan Copper announced 12 dividends since November 11, 2010. In last 12 months, Hindustan Copper announced an equity dividend of Re 0.92 per share. At the current share price of Rs 323.50, Hindustan Copper offers a dividend yield of 0.28%.

Hindustan Copper Shareholding: FII/FPI have increased holdings from 3.13% to 3.22% in June 2024 quarter. Number of FII/FPI investors increased from 137 to 147 in June 2024 quarter. Mutual Funds have decreased holdings from 5.01% to 2.11% in June 2024 quarter. Number of MF schemes decreased from 24 to 20 in June 2024 quarter. Institutional Investors have decreased holdings from 15.41% to 12.56% in June 2024 quarter. Life insurance corporation of India (LIC) has 6.71% stake in Hindustan Copper, according to Trendlyne.

Hindustan Copper Share Performance: The 52-week high price of Hindustan Copper share on BSE is Rs 415.60 per share (as on 22/05/2024) and 52-week low price is Rs 135.70 apiece (as on 26/10/2023), respectively. Hindustan Copper Ltd shares zoomed 15% in last 6-months, rallied 93% in last 1-year, and soared 923% in last 5-years.

About: Hindustan Copper Limited (HCL), a public sector undertaking, incorporated on 9th November 1967, is under the administrative control of the Ministry of Mines, Government of India . It has the distinction of being the nation's only vertically integrated copper producing company as it manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products, according to its official website.

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