Hindustan Zinc Dividend: Board approves 1300% interim dividend — Check record date

Hindustan Zinc Dividend 2023 News: Vedanta group company Hindustan Zinc's board has announced the payment of fourth interim dividend payout on Tuesday, March 21.

As per the exchange filing, Hindustan Zinc has announced an interim dividend of Rs 26/- per equity share i.e. 1300 per cent on face value of Rs 2/- per share for the Financial Year 2022-23. 

Hindustan Zinc dividend: Record date

Hindustan Zinc has fixed the record date for the payment of the fourth interim dividend. According to information available on NSE, the record date for any such dividend will be March 29.

What is a record date?

A record date determines the shareholders eligible to receive the benefit of a corporate action such as a dividend payout. 

Hindustan Zinc dividend Payment Date

The dividend amount will be credited directly into the shareholders' bank account linked to their Demat account on the payment date.

"The fourth interim dividend will be paid within stipulated timelines as prescribed under law," the filing said.

ALSO READ: Dividend stock: SBI Card to consider interim dividend today— record date fixed  

Hindustan Zinc dividend history

Here's a look at some of the HZL dividends announced in the recent past. 

Hindustan Zinc share price target 2023

Brokerage firm Citi has maintained a 'sell' for Hindustan Zinc and has given a target price of  Rs 260.

Hindustan Zinc share price: Historical performance

Hindustan Zinc shares traded flat on Dalal Street on Tuesday. Hindustan Zinc shares have rewarded investors with a return of more than 11 per cent in the last six months, a period in which the Nifty50 headline index has declined three per cent.

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