Hindustan Zinc Ltd has declared the fourth interim dividend for the financial year 2023. The Board of Directors of the Company approved the proposal for payment of interim dividend at its meeting to be held on March 21, 2023. March 29, 2023 has been fixed as the date for payment of interim dividend to eligible shareholders.
LIC and Vedanta will be paid the most, as these two companies have the largest stake in the company. Explain that the company's board of directors declared an interim dividend of Rs 26 per share for the financial year 2022-23. In the last three interim dividends, Rs 49.50 per share was paid and 15.50 per cent dividend was declared.
Vedanta will get the highest dividend
As per the shareholding pattern of Hindustan Zinc for the December 2022 quarter, the highest interim dividend is to be paid to Vedanta Ltd. Vedanta is also the company promoter. Vedanta has a holding of 2,74,31,54,310 shares. Thus, at a price of Rs 26 per share, Vedanta will get approximately Rs 7,132 crore from the holding of interim dividend shares.
LIC second largest shareholder
LIC is the second big company which will get the maximum share of the interim dividend. As on December 2022 quarter, LIC's LICI ULIP Growth Fund held 11,41,42,717 shares of Hindustan Zinc, which is 2.70 per cent of the total paid-up capital of the company. In this way, LIC will be given an interim dividend of about Rs 296 crore.
For information, let us tell you that the total dividend declared by Hindustan Zinc for the financial year 2023 is about $ 3.9 billion (around Rs 32,000 crore) with cash outflow. After the fourth dividend, the company will turn over net debt to net cash. He currently has 'Sell' rating on the stock with a target price of Rs 260.
Delhi School Bomb Threat: Threatening mail sent by hiding the original IP address through VPN, same ID used
Mails giving information about bombs being planted in schools of Delhi-NCR have been sent from abroad. Russia's Virtual Private Network (VPN) has been used in this.
Now students will get free online coaching with 'Saathi', the government is preparing to crack down on private institutes.
Not only are private coaching centers charging huge amounts from students, but many other questions are also being raised. There is a demand to rein them in. In such a situation, the Union Education
Will America jump into the Israel-Hamas war? Warned to Iran and Hezbollah - US will give a befitting reply if Israel is attacked
One month was completed in the Israel-Hamas war. Military action is being taken continuously by Israeli troops against Hamas in the Gaza Strip. It has been said by America and Israel that this war
American podcaster Lex Fridman fasted for 45 hours before recording the podcast, even PM Modi was surprised.
Prime Minister Narendra Modi's fasting is public knowledge but the unique thing is that American podcaster Lex Friedman also kept a 45-hour fast before the Prime Minister's interview. In the
US-India: 'India is the most important country for me', US President Biden said these things to Ambassador Garcetti, read
US Ambassador to India Eric Garcetti said on Tuesday that President Joe Biden told him that India is the most important country in the world for him. Garcetti said, "He (President Biden) told me, when
Hardik Pandya's new girlfriend: These hints prove Mahieka Sharma is Hardik's lady love, and the secret is revealed by the number 33.
After his divorce from Natasha Stankovic, Hardik Pandya's name is being linked with new women every day. First, he was linked with Jasmine Walia. The two were spotted together several times.
World Cup 2023: When will Hardik Pandya be fit? Against which team will you play the match? Know the latest updates here
Indian all-rounder Hardik Pandya will be fit before the semi-finals. India will face England in Lucknow on Sunday, followed by Sri Lanka in Mumbai and South Africa in Kolkata. After this, India will
What did Kunal Kamra say to Shinde that created a ruckus; now the police have filed a case.
Maharashtra politics has become bitter over the comments of comedian Kunal Kamra. Many Shiv Sena workers reached the Unicontinental Club and vandalized it. Allegedly, Kunal Kamra made objectionable
Mid Size SUV: Kia Seltos is better or it is wise to buy Mahindra, MG, or Tata's mid-size SUV, know the details
Kia has introduced the facelifted version of the Seltos in the Indian market. Many new features have been given to it by the company. After which it would be better to buy it or other SUVs in the
Bigg Boss 19: Not Tanya, but this contestant won the first week, became number one with the most votes
In the first week of Bigg Boss 19, there was a lot of fun in the house. Farhana Bhatt scolded Basir Ali as soon as she came out of the secret room, while Tanya Mittal, being biased, handed over the
