Hindustan Zinc Dividend: Hindustan Zinc issued its fourth interim dividend of 2023, these companies are benefiting

Posted on 23rd Mar 2023 06:25 pm by rohit kumar

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.

 

Also Read: Russian Oil: Whose are these mysterious ships carrying Russian oil around the world? looking for owner

Other news

Ayodhya: Ram temple will be protected from all three sides, water, land, and sky, Rs 38 crore will be spent on a security plan

About 38 crore rupees will be spent on the security plan of the temple of Ramlala. The funds have

Diljit Dosanjh: 'Om Namah Shivay', Punjabi singer Diljit Dosanjh participated in Bhasma Aarti; did puja sitting in Nandi Hall

Punjabi singer Diljit Singh Dosanjh this morning participated in the daily morning Bhasma Aarti o

Champions Trophy: Captain Rohit wants to experiment in every way before the Champions Trophy, said this after the victory

Skipper Rohit Sharma said on Thursday that the Indian team is not looking to achieve anything spe

Sunny Deol on Gadar 2: Sunny Deol proud of the success of 'Gadar 2', gave credit to daughter-in-law Drisha Acharya for this

Sunny Deol's film 'Gadar 2' has created panic at the box office. He has thanked people from the b

Delhi MCD: BJP won without contesting the elections, Kejriwal's party left the field; Triple engine government formed here too

BJP is currently going through its golden period. One after the other, it is continuously winning

Salman Khan: Akshay Bishnoi got the responsibility to target Salman, and has a special connection with Lawrence

Even though Bigg Boss OTT is over, Salman Khan continues to be in the headlines these days. Every

IND vs SL Playing 11: India will look to make a comeback against Sri Lanka, Riyan Parag may get a chance in place of Dubey

When the Indian team plays the third ODI against Sri Lanka on Wednesday, it will try to forget th

Animal Park: Animal Park will be more dangerous and scary than Animal, shooting of Ranbir's film will start from this day

 Ranbir Kapoor and Rashmika Mandanna starrer Animal was one of the highest-grossing films of

Ram Navami 2023: PM Modi wished Ram Navami, and said- Lord Ram's life is an inspiration for humanity in every era

Ram Navami is being celebrated across the country today. The festival of Ram Navami is being cele

IND vs ENG: 'If you are fit then play all the matches', Dilip Vengsarkar targeted Bumrah; also reprimanded Gambhir-Agarkar

Former Indian team captain and former chairman of the selection committee Dilip Vengsarkar has ta