skip to content

Other

Hindustan Zinc declares second interim divi

22 March 2017 13:03

Hindustan Zinc has declared a special interim dividend of Rs. 13,985 Crore.

The record date for the dividend will be March 30, 2017.

Together with the Golden Jubilee dividend paid in April 2016 and the interim dividend paid in October 2016, the aggregate dividend being paid by Hindustan Zinc during this financial year will be Rs. 27,157 Crore including dividend distribution tax.

The Company said this is the largest dividend outflow by any company in India in a single financial year. Of this amount, Rs. 11,259 Crore will go to the Government.

Agnivesh Agarwal, Chairman, said, "We are pleased to reward our shareholders with a special dividend, which reflects the Company's confidence in its continued robust performance and demonstrates our commitment towards delivering value for our shareholders. Since disinvestment by the Government in 2002, the cumulative dividends paid by the Company, including the current special dividend, is Rs. 37,517 Crore including dividend distribution tax."

At 1:03pm: (LON:VED) Vedanta Resources PLC share price was -32p at 814p

Story provided by StockMarketWire.com

Related Company: VED

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.