Hindustan Zinc Ltd., a unit of Vedanta Ltd., on Friday declared a second interim dividend of ₹6 per share. This would lead to an outflow of ₹3,051 crore, including dividend distribution tax.
The firm has fixed March 26 as the record date.
Hindustan Zinc had earlier declared a first interim dividend of ₹2 per share.
Its total dividend for the financial year is ₹8 per share. This will result in an outgo of ₹4,068 crore, including the dividend distribution tax. Government of India will get ₹1,686 crore from it, by virtue of its stake in the firm.
Recently, Vendanta declared a record interim dividend of ₹21.20 per share, resulting in dividend payout of ₹8,091 crore to both its equity and preference shareholders.
Hindustan Zinc shares were trading down nearly 2% in the morning on BSE, post the dividend announcement.
The firms in the metal and mining sector have been declaring robust dividend. Coal India had declared a interim dividend of ₹16.50 per share.
