3.01% Yield, 1:1 Bonus: Vedanta Subsidiary Sets May 15 As Record Date For Dividend

Vedanta Limited's subsidiary Hindustan Zinc Ltd (HZL) share gained 1.19% on BSE today after the company fixed May 15 as record date for interim dividend. Board of Directors of the company will meet on May 7, 2024 to consider and approve interim dividend on equity shares, if any, for the financial year 2024-25.

Hindustan Zinc share offered return of 36% year-to-date and soared 37% in last 1-month only. Promoters holding remains unchanged at 64.92% in March 2024 quarter. FII/FPI have decreased holdings from 0.69% to 0.60% in March 2024 quarter. More details below:

Hindustan Zinc To Consider Interim Dividend, Record Date Fixed: As per the regulatory filing of the company dated May 2, "Pursuant to Regulation 29 of Listing Regulations, we wish to inform you that the meeting of the Board of Directors of the Company is proposed to be scheduled on Tuesday, May 07, 2024, to consider and approve the Interim dividend on equity shares, if any, for the Financial Year 2024-25. Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Wednesday, May 15, 2024."

Hindustan Zinc Dividend History: Hindustan Zinc announced 41 dividends since June 28, 2001. In the past 12 months, Hindustan Zinc announced an equity dividend amounting to Rs 13.00 per share. At the current share price of Rs 431.95 per share, Hindustan Zinc Ltd offers a dividend yield of 3.01%.

Hindustan Zinc Stock Split History: Hindustan Zinc split face value of its share once since March 7, 2011. Hindustan Zinc last split the face value of its shares from Rs 10 to Rs 2 in 2011. The share traded ex-split from March 7, 2011.
Hindustan Zinc Bonus Share History: Hindustan Zinc offered 1 bonus issue since March 7, 2011. The last Bonus that Hindustan Zinc Ltd declared was in the ratio of 1:1 with ex-date set as March 7, 2011.

Hindustan Zinc Share Performance: The 52-week high price of Hindustan Zinc stock is Rs 442.40 per share (as on 30/04/2024) and 52-week low price is Rs 285.00 per share (as on 15/03/2024), respectively. The large cap metals & ferrous sector company has a market capitalisation of Rs 1,82,512.65 crore. In last 6-months, Hindustan Zinc offered return of 37% in last 1-month, soared 47% in last 6-months, and surged 37% in last 1-year. In last 2-years, Hindustan Zinc shares gained 34% and 59% in last 5-years.

Hindustan Zinc Ltd About: Hindustan Zinc is India's largest and world's second largest integrated zinc producer. It is the 5th largest silver producers globally with an annual capacity of 800 MT. It is a subsidiary of Vedanta Limited which owns 64.9% stake in the Company while the Government of India retains a 29.5% stake. Hindustan Zinc's operations comprise lead-zinc mines, hydrometallurgical zinc smelters, lead smelters, pyro metallurgical lead-zinc smelter as well as sulphuric acid and captive power plants in northwest India, according to its official website.

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