Hindustan Zinc Ltd on Thursday said the company’s board will meet on March 21, 2023, to consider fourth interim dividend on equity shares for the financial year 2022-23.
“We wish to inform you that a meeting of the Board of Directors of the Company will be held on Tuesday, March 21, 2023, to consider the Fourth Interim Dividend, if any, on Equity Shares for the financial year 2022-23.” the company said in a regulatory filing.
Hindustan Zinc March 29, 2023 has been fixed as the record date for determining the eligibility of shareholders for the proposed dividend.
The interim dividend will be paid to those shareholders whose names appear in the register of members of the company or in the records of the depositories as beneficial owners of the shares as on March 29, which is the record date, the company said.
The company’s shares go ex-dividend a day or two before the record date. When a company pays an ex-dividend on a particular date, its stock is not worth the next dividend payment.
Hindustan Zinc has paid equity dividend 18 per share over the past 12 months, resulting in a dividend yield of 5.9 percent.
Hindustan Zinc is a subsidiary of Vedantareported a consolidated net profit of 2,156 crore for the December quarter, which is 20 per cent lower than 2,701 crore reported in the year-ago period.
Meanwhile, revenue from operations declined by 2 percent 7,628 crore as against 7,841 crore in the same quarter last year.
Hindustan Zinc Ltd. closed at Rs. 305.75, up 3.57 per cent in Thursday’s trade. it hit a one-day high 305.95 and less 295.50 respectively during the day.
The stock quoted a 52-week high 383 and low price 242.40.
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