Last Updated: December 06, 2023, 13:16 IST
Hindustan Zinc Share Price
Vedanta-owned Hindustan Zinc mentioned the file date to find out eligibility for the second interim dividend can be December 14
Hindustan Zinc shares edged greater on Wednesday, December 6 after the subsidiary of Vedanta’s board assembly at this time. The file date for the second interim dividend has been fastened as December 14, 2023. The whole consideration for the dividend payout comes as much as Rs 2,535.19 crore.
Hindustan Zinc climbed 6 per cent to Rs 319 in Wednesday morning commerce on the NSE.
In an trade submitting, Vedanta-owned Hindustan Zinc mentioned the file date to find out eligibility for the second interim dividend can be December 14, 2023.
A file date means shareholders who personal shares of the corporate at that individual date will probably be eligible for the dividend payout.
In the September-ended quarter, Hindustan Zinc’s web revenue dropped 35.5 p.c 12 months-on-12 months (YoY), whereas income surged 18.5 per cent.
The administration, nevertheless, maintained a optimistic stance on anticipated development in zinc demand in India as a consequence of elevated infrastructure, development actions, and growing metal output.
It projected a capex steering of $170-200 million for FY24 and maintained capex at $375 million for the 12 months.
The interim dividend will probably be paid inside stipulated timelines as prescribed below regulation, the corporate’s regulatory submitting learn.
This is the bottom dividend payout issued by the corporate since 2018.
Earlier, Hindustan Zinc had introduced its first interim dividend of Rs 7 per share in July. For the monetary 12 months 2023, the corporate declared a complete dividend of Rs 75.5 for the total 12 months.
Hindustan Zinc is the world’s 2nd largest built-in Zinc producer and fifth largest Silver producer globally, in keeping with its official web site. The firm’s mines are situated at Rampura Agucha, Sindesar Khurd, Rajpura Dariba, Zawar and Kayad within the state of Rajasthan. The present ore manufacturing capability stands at 16.34 million tonne every year and is increasing its mining capacities.
