Vedanta Group Stock Fixes Record Date For Interim Dividend, Shares Rally

Leading Vedanta Group stock, Hindustan Zinc Ltd has today fixed record date for interim dividend. The record date is November 24, 2022. After the announcement, the shares of the company rallied 1.21% intraday. The company has a market capitalisation of Rs 1,25,196.20 crore. Check key details below:

1. Hindustan Zinc Sets Record Date For Interim Dividend

The board of directors of the company said in the regulatory filing, "Pursuant to Regulation 29 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, notice is hereby given that the meeting of the Board of Directors of the Company (the "Board") will be held on Wednesday, November 16, 2022 to consider and approve second interim dividend on equity shares, if any, for the Financial Year 2022-23."

2. Hindustan Zinc Stock Outlook

The current market price of Hindustan Zinc is Rs 296 apiece with intraday gain of 1.21%.

3. Hindustan Zinc Return

The stock has given a return of 41% in last 3-years, 9% in last 3-months, and 3% in last 1-month. The stock rallied 3% in 1-week.

4. Hindustan Zinc Dividend History

The company has a good dividend history and regularly declared dividend in the last 5-years. Hindustan Zinc for the year ending March 2022 announced an equity dividend of 900% or 18 per share. If the stock's current market price of Rs 296 is taken into consideration, it has a high dividend yield of 6.07%.

4. About Hindustan Zinc

Hindustan Zinc Ltd is India's only and the world's largest integrated producer of Zinc-Lead. Hindustan Zinc is also one of the leading silver producers in the world. They are one of the lowest cost producers in the world and engaged in serving the rising demand of Asian countries.

Disclaimer

The stock gives details related to interim dividend. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.