Hindustan Zinc Dividend Announced: Here's How Much You Could Make If You Invest ₹1 Lakh Today


Shares of Hindustan Zinc surged close to 3% on Wednesday as the company announced a fourth interim dividend for the current financial year.

What Happened: The company on Tuesday declared an interim dividend of ₹26/share which would amount to a total of ₹10,985.83 crore. The record date for the dividend payment is March 29. The dividend will be “paid within stipulated timelines as prescribed under law,” the company said in a regulatory filing.

The company has announced a total dividend of ₹75.50 in FY23 including the fourth dividend. The dividend would see Vedanta Resources which owns a majority stake in the company earn ₹7,132 crore in dividend payments.

So if you invested ₹1 lakh in Hindustan Zinc shares, how much dividend can you earn?

See Also: Larsen & Toubro Shares Continue Gains: What’s Driving The Rally

A ₹1 lakh investment today, with the stock trading at ₹320 levels, would have fetched around 312 shares of the company. Now if you held the shares up until the record date i.e. March 29, you would receive a total amount of ₹8,112. That translates to around 8% return on your investment.

Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

You have successfully subscribed.

Analyst View

However, global analyst firm Citi maintained its ‘sell’ rating for the stock after the announcement with a price target of ₹260. As per the firm, the company will turn net debt from net cash after the dividend payout.

Price Action: Hindustan Zinc shares traded 2.50% higher at ₹318.20 in the early hours of trading on Wednesday.

Read NextGAIL Dividend Details Are Here

Posted In: Anil AgarwalDividendHindustan Zincmining stocksVedanta GroupVedanta Resources