Hindustan Zinc surges 5% on announcing liberal interim dividend

Hindustan Zinc has fixed March 29, 2023 as the record date for the purpose of payment of fourth interim dividend worth Rs 26 per share.

Shares of Hindustan Zinc rallied 5 per cent to Rs 325.25 on the BSE in Wednesday’s intra-day trade after the company declared interim dividend of Rs 26 per share, which is 1,300 per cent on the face value of Rs 2 per share. This is fourth interim dividend for the financial year 2022-23 amounting to Rs 10,985.83 crore, the company said in an exchange filing.

Hindustan Zinc fixed March 29, 2023 as the record date for the purpose of payment of fourth interim dividend. The fourth interim dividend will be paid within stipulated timelines as prescribed under law, the