hindustan zinc shares: Hindustan Zinc’s record date for Rs 19 dividend tomorrow; last day for eligibility

Vedanta-owned mining major Hindustan Zinc is expected to be in focus today as the board of the company had fixed August 28 as the record date for determining the eligible shareholders for dividend payments.

This means today is the last day to buy shares of the company to qualify for the announced dividends.

The board of Hindustan Zinc declared a dividend of Rs 19 per share for all its eligible shareholders and declared the record date for the same earlier this month.

“We wish to inform you that the Board of Directors of Hindustan Zinc Limited, at its meeting held today i.e. Tuesday, August 20, 2024, has considered and approved the Second Interim Dividend of Rs. 19/- per equity share i.e. 950% on face value of Rs. 2/- per equity share for the Financial Year 2024-25 amounting to Rs. 8028.11 Crores. As intimated earlier, the record date for the purpose of payment of Dividend shall be Wednesday, August 28, 2024, and the Interim dividend shall be duly paid within the stipulated timelines as prescribed under law,” said the company in a filing to the exchanges.

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Dividends are paid to shareholders listed in the company’s records on the record date. To be eligible for dividends, shares must be purchased at least one day before the ex-date, as transactions settle the next day. However, those who buy shares on the ex-date will not qualify for dividends.

Here are other stocks, as per StockEdge that will start trading on an ex-dividend on Wednesday:

Asahi India Glass announced a final dividend of Rs 2 per share.

Bajaj Steel Industries had announced a dividend of Rs 3 per share.

DMCC Speciality Chemicals declared a final dividend of Re 1 per share.

Force Motors announced a final dividend of Rs 20 per share.

Hazoor Multi Projects will be paying out a dividend of Rs 2 per share.

International Combustion (India) announced a final dividend of Rs 5 per share.

Sigachi Industries declared a final dividend of Rs 0.1 per share.

Yuken India declared a final dividend of Rs 1.5 per share.

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