 "Hindustan Zinc turns ex-dividend")
Hindustan Zinc is trading flat at Rs 163 (adjusted to dividend) on the National Stock Exchange (NSE) after the stock turned ex-dividend for Rs 24 per share today. On Tuesday, the stock closed at Rs 187 on the NSE and BSE.
The board of directors of Hindustan Zinc at its meeting held on March 30, 2016, had declared a special golden jubilee dividend @1200% i.e. Rs 24 per equity share of Rs 2 each for the financial year 2015-16.
The company has fixed April 7, 2016 as the record date for determining the eligibility of shareholders for the purpose of payment of second interim dividend, Hindustan Zinc said in a filing.
In last one week, post interim dividend announcement, the stock had outperformed the market by gaining 10% as compared to a marginal 0.06% decline in Nifty 50 index till yesterday.
The stock hit a high of Rs 165 and low of Rs 162 on the NSE so far. A combined 1.69 million shares changed hands on the counter on the NSE and BSE till 09:38 AM.
The board of directors of Hindustan Zinc at its meeting held on March 30, 2016, had declared a special golden jubilee dividend @1200% i.e. Rs 24 per equity share of Rs 2 each for the financial year 2015-16.
The company has fixed April 7, 2016 as the record date for determining the eligibility of shareholders for the purpose of payment of second interim dividend, Hindustan Zinc said in a filing.
In last one week, post interim dividend announcement, the stock had outperformed the market by gaining 10% as compared to a marginal 0.06% decline in Nifty 50 index till yesterday.
The stock hit a high of Rs 165 and low of Rs 162 on the NSE so far. A combined 1.69 million shares changed hands on the counter on the NSE and BSE till 09:38 AM.