Hindustan Zinc will give dividend to investors for the fourth time this year, know how much will be earned on each share

Vedanta Group company Hindustan Zinc Limited has announced a dividend of Rs 6 per share to its investors for the financial year 2023-24. The board of directors of the company on Wednesday approved the proposal of a 300 per cent interim dividend.

The metal company has set the dividend record date as December 14, 2023. This is the fourth time Hindustan Zinc shares will trade ex-dividend in 2023. Earlier this year, the company's shares had traded ex-dividend in January, March and July.

Informing the stock market regarding the dividend, the company said, under the listing regulations, the board of directors has approved the second interim dividend of Rs 6 per equity share for the financial year 2023-24. Its total cost is Rs 2,535.19 crore.

The company has fixed the face value of the share for dividend at Rs 2. In this way, it is offering a 300 per cent dividend per equity share. Along with this, the company said that it will also pay the dividend in the stipulated time.

Hindustan Zinc has already confirmed the record date for the dividend. The company has fixed this date as 14 December 2023.

Dividend four times in 2023:

This is the fourth dividend of the Vedanta Group subsidiary this year. Here we are also sharing with you information about the first three dividends.

• An interim dividend of Rs 13 per share was given on January 30, 2023.
• On March 29, 2023, the company had given a dividend of Rs 26 per share.
• An interim dividend of Rs 7 per share was given on July 14, 2023.

If seen this way, Hindustan Zinc Limited has offered a total dividend of Rs 52 to investors in 2023.