The corporate had already declared November 24 because the file date for the interim dividend. The second interim dividend will probably be paid inside stipulated timelines as prescribed underneath regulation, learn the submitting. Ex-date for the dividend will probably be November 23, implying traders who want to purchase the inventory for the dividend ought to do it earlier than November 23.
Previous to this, the corporate had declared Rs 21 per share as the primary interim dividend for FY23. Within the earlier monetary 12 months, the corporate had introduced a complete of Rs 18 per share dividend. This on the present share costs leads to a dividend yield of over 5%.
Since June 28, 2001, the corporate has declared 38 dividends, Trendlyne knowledge confirmed.
Of the 14 analysts calls on the counter, 2 counsel a purchase, whereas 5 advocate holding the inventory and different 7 counsel to promote the counter.
Hindustan Zinc is a big cap inventory with a market capitalisation of Rs 1,34,000 crore. The corporate is the nation’s largest and world’s second largest zinc-lead miner.
(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Instances)
