Tuesday, November 29, 2022
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This company is giving a dividend of Rs 21 on every share, a wave of happiness among the shareholders

Hindustan Zinc Dividend: Vedanta Group company Hindustan Zinc has informed the stock exchange that its board has approved a dividend of Rs 21 per share for the shareholders. The company has recently taken this decision in the meeting of the Board of Directors. Let us tell you that Hindustan Zinc will give a total dividend of Rs 8,873 crore for the financial year-2023.

Dividend on face value share of Rs.2
In the information sent to the stock market on behalf of Hindustan Zinc Company, it is said, “We inform you that the Board of Directors of the company in its meeting held on July 13 has decided to pay Rs 21 (1050 per cent) per share of the company having a face value of Rs 2 ) has approved the proposal to pay dividend.

This will be the record date
According to the company, the company has fixed July 21, 2022 as the record date for giving interim dividend. The company said that the payment of dividend will be done within the stipulated time frame. Let us tell you that the ex-dividend date is 1 day before the record date. Dividend is paid to those who buy shares till this date. The company checks the data of its shareholders on the day of the record date.

stock jump
Hindustan Zinc shares closed at Rs 271 with a rise of 2.02% on NSAE. So far this year, the stock has declined by 14.53%. In the last 1 month, this stock has lost about 1.50%. This stock has come down about 20% in the last 1 year. Now 52 weeks high is Rs 408 and 52 weeks low is Rs 242.40. Analysts are advising to sell the shares of the company.

Company’s increased production
Hindustan Zinc reported last week that the company’s mining production grew by 14% to 2,52,000 tonnes in the first quarter of the current financial year. According to the company, the production of iron ore has increased in many of its factories.

What is Hindustan Zinc
Hindustan Zinc is an Indian company engaged in mining of zinc, silver and lead in India. The company also has wind power plants. Its parent company is Vedanta Group. The market cap of Hindustan Zinc is Rs 1.13 lakh crore.

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