Hindustan Zinc jumps 4% as board approves dividend of Rs 21.30 per share

The company has announced a healthy dividend of Rs 21.3 per share, resulting in a dividend yield of around 10 per cent

Shares of Hindustan Zinc gained 4 per cent to Rs 232.25 on the BSE on Wednesday after the company said its board has approved interim dividend of Rs 21.30 per equity share i.e. 1,065 per cent on face value of Rs 2 per share for the financial year 2020-21, amounting to Rs 9,000 crore.

The company has fixed October 28, 2020 as the record date for the purpose of determining the eligibility for payment of interim dividend.

Meanwhile, Hindustan Zinc reported a mixed performance for the July-September quarter (Q2FY21). The company’s consolidated net profit dipped 7 per cent