Latest Hindustan Zinc Dividend Announcement
Hindustan Zinc, one of the leading producers of zinc in India, recently declared an interim dividend of Rs. 26.00 per share for its shareholders. The ex-date and record date for the dividend have been set for March 29th, 2023.
This news is sure to excite the shareholders of Hindustan Zinc as the company has a history of rewarding its shareholders with regular dividends. The company has a strong financial position and has consistently generated profits, which has enabled it to distribute dividends to its shareholders.
The decision to declare an interim dividend is a reflection of the company’s financial strength and its commitment to creating value for its shareholders. It is also a sign of the management’s confidence in the company’s future prospects.
Hindustan Zinc has a diversified product portfolio, including zinc, lead, silver, and cadmium. The company’s focus on innovation and sustainability has enabled it to enhance its operational efficiencies and reduce its environmental impact.
The company’s strong financial performance is reflected in its share price, which has consistently outperformed the broader market. Hindustan Zinc’s shares are considered a good investment option by many investors, given the company’s strong fundamentals and growth prospects.
Hindustan Zinc Share Price
Hindustan Zinc Technical Analysis
Hindustan Zinc Dividend History
| Security Code | Security Name | Ex Date | Purpose | Record Date |
|---|---|---|---|---|
| 500188 | HINDUSTAN ZINC LTD. | 28 Jun 2001 | Dividend – Rs. – 1.2500 | – |
| 500188 | HINDUSTAN ZINC LTD. | 12 Sep 2007 | Final Dividend – Rs. – 2.5000 | – |
| 500188 | HINDUSTAN ZINC LTD. | 08 Nov 2007 | Interim Dividend – Rs. – 2.5000 | 12 Nov 2007 |
| 500188 | HINDUSTAN ZINC LTD. | 12 Aug 2008 | Final Dividend – Rs. – 2.5000 | – |
| 500188 | HINDUSTAN ZINC LTD. | 29 Jul 2009 | Dividend – Rs. – 4.0000 | – |
| 500188 | HINDUSTAN ZINC LTD. | 22 Jul 2010 | Dividend – Rs. – 6.0000 | – |
| 500188 | HINDUSTAN ZINC LTD. | 07 Mar 2011 | Stock Split From Rs.10/- to Rs.2/- | 08 Mar 2011 |
| 500188 | HINDUSTAN ZINC LTD. | 07 Mar 2011 | Bonus issue 1:1 | 08 Mar 2011 |
| 500188 | HINDUSTAN ZINC LTD. | 16 Jun 2011 | Dividend – Rs. – 1.0000 | – |
| 500188 | HINDUSTAN ZINC LTD. | 25 Oct 2011 | Interim Dividend – Rs. – 1.5000 | 28 Oct 2011 |
| 500188 | HINDUSTAN ZINC LTD. | 28 Jun 2012 | Final Dividend – Rs. – 0.9000 | – |
| 500188 | HINDUSTAN ZINC LTD. | 23 Oct 2012 | Interim Dividend – Rs. – 1.6000 | 26 Oct 2012 |
| 500188 | HINDUSTAN ZINC LTD. | 09 May 2013 | Final Dividend – Rs. – 1.5000 | – |
| 500188 | HINDUSTAN ZINC LTD. | 28 Oct 2013 | Interim Dividend – Rs. – 1.6000 | 29 Oct 2013 |
| 500188 | HINDUSTAN ZINC LTD. | 19 May 2014 | Final Dividend – Rs. – 1.9000 | – |
| 500188 | HINDUSTAN ZINC LTD. | 22 Sep 2014 | Interim Dividend – Rs. – 1.9000 | 23 Sep 2014 |
| 500188 | HINDUSTAN ZINC LTD. | 12 May 2015 | Final Dividend – Rs. – 2.5000 | – |
| 500188 | HINDUSTAN ZINC LTD. | 23 Oct 2015 | Special Dividend – Rs. – 1.9000 | 26 Oct 2015 |
| 500188 | HINDUSTAN ZINC LTD. | 23 Oct 2015 | Interim Dividend – Rs. – 1.9000 | 26 Oct 2015 |
| 500188 | HINDUSTAN ZINC LTD. | 06 Apr 2016 | Special Dividend – Rs. – 24.0000 | 07 Apr 2016 |
| 500188 | HINDUSTAN ZINC LTD. | 04 Nov 2016 | Interim Dividend – Rs. – 1.9000 | 07 Nov 2016 |
| 500188 | HINDUSTAN ZINC LTD. | 29 Mar 2017 | Special Dividend – Rs. – 27.5000 | 30 Mar 2017 |
| 500188 | HINDUSTAN ZINC LTD. | 01 Nov 2017 | Interim Dividend – Rs. – 2.0000 | 02 Nov 2017 |
| 500188 | HINDUSTAN ZINC LTD. | 23 Mar 2018 | Interim Dividend – Rs. – 6.0000 | 26 Mar 2018 |
| 500188 | HINDUSTAN ZINC LTD. | 31 Oct 2018 | Interim Dividend – Rs. – 20.0000 | 01 Nov 2018 |
| 500188 | HINDUSTAN ZINC LTD. | 19 May 2020 | Interim Dividend – Rs. – 16.5000 | 20 May 2020 |
| 500188 | HINDUSTAN ZINC LTD. | 27 Oct 2020 | Interim Dividend – Rs. – 21.3000 | 28 Oct 2020 |
| 500188 | HINDUSTAN ZINC LTD. | 14 Dec 2021 | Interim Dividend – Rs. – 18.0000 | 15 Dec 2021 |
| 500188 | HINDUSTAN ZINC LTD. | 20 Jul 2022 | Interim Dividend – Rs. – 21.0000 | 21 Jul 2022 |
| 500188 | HINDUSTAN ZINC LTD. | 23 Nov 2022 | Interim Dividend – Rs. – 15.5000 | 24 Nov 2022 |
| 500188 | HINDUSTAN ZINC LTD. | 30 Jan 2023 | Interim Dividend – Rs. – 13.0000 | 30 Jan 2023 |
| 500188 | HINDUSTAN ZINC LTD. | 29 Mar 2023 | Interim Dividend – Rs. – 26.0000 | 29 Mar 2023 |
About Hindustan Zinc Limited
Hindustan Zinc Limited is one of the world’s largest integrated zinc-lead-silver producers, based in India. With a history spanning over 50 years, the company has become a leading player in the global metals and mining industry. As an investor, it is important to understand the company’s performance, future growth prospects, and potential risks associated with investing in Hindustan Zinc.
Hindustan Zinc’s strong financial performance is reflected in its consistent revenue growth over the years. In the fiscal year 2021, the company reported a revenue of INR 21,238 crores, an increase of 18% from the previous year. Its net profit also grew by 8% to INR 7,158 crores in the same year. The company’s solid financials can be attributed to its low-cost operations, diversified product portfolio, and efficient resource management.
The company’s future growth prospects are also promising. The demand for zinc and lead is expected to increase as they are essential metals for the construction, automotive, and infrastructure sectors. Hindustan Zinc is well-positioned to capitalize on this growth, with its large-scale operations and expanding product portfolio. The company is also investing in research and development to explore new and innovative ways to extract and process metals.
However, investing in Hindustan Zinc also comes with potential risks. The metals and mining industry is subject to fluctuations in commodity prices, geopolitical uncertainties, and regulatory risks. Any significant change in these factors can impact the company’s financial performance and stock price. It is important for investors to conduct their own research and assess the potential risks before making any investment decisions.
As of March 2023, Hindustan Zinc’s stock price is trading at a reasonable valuation with a price-to-earnings ratio of 7.69. The company also offers a dividend yield of around 8%, making it an attractive investment option for income-seeking investors.
In conclusion, Hindustan Zinc Limited is a well-established player in the global metals and mining industry with a strong financial track record and promising future growth prospects. However, investors should also consider the potential risks associated with investing in the company and conduct their own due diligence before making any investment decisions.