In a post-market-hours disclosure, Hindustan Zinc said its board of directors on Wednesday declared a special golden jubilee dividend of ₹24 a share for FY 2015-16. This works out to 1,200 per cent on the stock’s face value of ₹2. The record date to identify eligible shareholders is April 7. Currently, about 56,500 small shareholders own 0.84 per cent stake (or 3.53 crore shares) in the company. Promoter Vedanta holds 64.92 per cent stake.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.