Board Of 2 Companies Decide Offering Upto 775% Interim Dividend, Fix Record Date

A listed company's board can decide to offer a dividend, after making a considerable profit in a quarter, this can also attract fresh investors further. Here 2 such stocks have been mentioned that are giving upto 775% dividend in FY 23, fixed record dates this month.

Hindustan Zinc Ltd.

The Board of Directors of Hindustan Zinc Ltd. on Wednesday, November 16, 2022 approved a second interim dividend of Rs. 15.50 per equity share, that is 775% on the face value of Rs. 2/- per share for the Financial Year 2022-23 amounting to Rs. 6549.24 Crores. The record date for payment of the second interim dividend will be Thursday, November 24, 2022. In the past 1 month this stock's share price gained by 15.05%.

Esab India Ltd.

The Board of Directors of Esab India Ltd. on 11th November declared an interim dividend of Rs. 30 per equity share of Rs. 10 each, that is a 300% dividend for FY 2023 resulting in an outflow of Rs. 46,17,90,600. The said Interim Dividend declared by the Board of Directors would be paid to the equity shareholders on or before 10th December 2022. In the past 1 month, this stock's share price gained by 5.74%, and surged sharply by 10.15% in the past 5 days in trade.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates recent stock-related information about the companies.