The board of Vedanta group firm Hindustan Zinc will meet on Thursday, January 19, 2023, to consider third interim dividend, if any, on equity shares. The company had informed that the record date for eligibility to declare third interim dividend would be Monday, January 30, 2023.
“In pursuance of our letter dated January 12, 2023 and in accordance with Regulation 29 and 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, notice is given that the Board will also consider a Third Interim Dividend on Equity . shares, if any, for the financial year 2022-23 at the meeting to be held on Thursday, the 19th January, 2023. Record Date for Eligibility for 3rd Interim DividendIf any, will be announced on Monday, January 30, 2023,” the company informed in an exchange filing earlier this week.
In the last 12 months, Hindustan Zinc Limited has declared Equity Dividend 36.50 per share. At the current share price, this results in a dividend yield of 10.09%, according to Trendline data.
Hindustan Zinc earlier this month said its mined metal production rose marginally by one per cent to 2,54,000 tonnes in the third quarter of the current fiscal. The company’s mined metal production stood at 2,52,000 tonnes in the year-ago period.
The mined metal production in the third quarter of the current financial year was 254kt, with a “marginal decrease in QoQ (quarter-on-quarter) due to higher ore production and overall mined metal grade,” the company said in a statement. Its refined metal production fell 2% at 2,57,000 tonnes during the period under review. Hindustan Zinc’s integrated zinc production declined by 2 per cent to 210,000 tonnes during the third quarter.
Hindustan Zinc is an integrated producer of Zinc, Lead and Silver. The company is headquartered in Udaipur, Rajasthan where it has zinc lead mines and smelting complex. The stock has gained more than 12% over a one-year period.
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