Rs 6/share dividend, Vedanta subsidiary is set to go ex-date in three days, causing an 8% surge in the share value.

With a Rs 6 per share dividend, Vedanta subsidiary is set to go ex-date in three days, causing an 8% surge in the share value.

Hindustan Zinc Ltd (HZL), a subsidiary of Vedanta Limited, will go ex-dividend on December 14, 2023. The last recorded trading price for Hindustan Zinc shares on BSE is Rs 325.40 per share, reflecting a 0.76% intraday gain. Over the past two weeks, the shares provided a return of 8.02%, and in the last month, they saw a gain of 7.86%. Considering the last trading price, the dividend yield for Hindustan Zinc shares is 14.14%. Since June 28, 2001, Hindustan Zinc Ltd has announced a total of 41 dividends. Details are provided below.

On December 6, 2023, Hindustan Zinc made a BSE filing announcing an interim dividend. According to the board of directors' resolution passed on December 6, 2023, the company declared a 2nd interim dividend of Rs 6 per equity share, equivalent to 300% on the face value of Rs. 2/- per share for the Financial Year 2023-24. The total amount for this dividend is Rs. 2535.19 Crores. This decision follows their previous communication on December 3, 2023, and complies with Regulation 30 of Listing Regulations.

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