Hindustan Zinc Ltd., a unit of Vedanta Ltd., on Friday declared a second interim dividend of ₹6 per share.
The firm has fixed March 26 as the record date.
“The board of directors has approved second interim dividend of 300% i.e. ₹6 per share, entailing an outflow of ₹3,051 crore,” the company said in a filing with the BSE. The firm had earlier declared a first interim dividend of ₹2 per share.
Dividend payout so far for the financial year will result in an outgo of ₹4,068 crore, including dividend distribution tax. The Government of India will get ₹1,686 crore from it, by virtue of its stake in the firm.
Recently, Vedanta declared a record interim dividend of ₹21.20 per share, resulting in payout of ₹8,091 crore to both its equity and preference shareholders.
Dividends from sector
The firms in the metal and mining sector have been declaring robust dividend.
Coal India had declared an interim dividend of ₹16.50 per share. Udaipur-headquartered Hindustan Zinc is the one of the largest integrated producers of zinc-lead with a capacity of 1.0 million metric tonnes per annum and a leading producer of silver. It has zinc-lead mines at Rampura Agucha, Sindesar Khurd, Rajpura Dariba, Zawar and Kayad.
