Hindustan Zinc Dividend 2020: Hindustan Zinc Dividend Record Date, History, Payment Date, Payment Date, Payout Date, dividend history, Interim & Final Dividend per share

Hindustan Zinc Declares Highest Interim Dividend In 12 Years.

Hindustan Zinc’s revenues grew by about 25% y-o-y, which showed a good recovery from the 20% y-o-y drop in Q1.

The Vedanta subsidiary announced a dividend of Rs 21.3 per share—implying a dividend yield of 9.5% to its closing price as on Oct. 20, according to a company filing with the stock exchange. The record date for paying the dividend is Oct. 28.

Hindustan Zinc Ltd’s (HZL) second-quarter numbers suggest that the metal cycle is improving. The firm’s high dividend payout of ₹21.30 per share should keep its shareholders in high spirits. At its current price, the yield works out to about 9.3%, which is quite decent.

The company’s board has declared an interim dividend of ₹21.30 per share. Hindustan zinc dividend record date is October 27, 2020.

Also Check:- Latest Dividend Paying Stocks

Hindustan Zinc Dividend declared

You can view Announcement Date, Effective Date, Dividend Type (Interim, Final and Special), and Percentage of Dividend given information for Hindustan Zinc.

Latest Dividends 2020

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Are you Eligible for Dividend?

To determine whether you should get a dividend, you need to look at two important dates. They are the “record date” or “date of record” and the “ex-dividend date” or “ex-date.”

When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend.

Once the company sets the record date, the ex-dividend date is set based on stock exchange rules. The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

What’s the Difference Between the Record Date and Ex-Dividend Date?

What Is Record Date?

The record date, or date of record, is the cut-off date established by a company in order to determine which shareholders are eligible to receive a dividend.

The determination of a record date is required to ascertain who exactly a company’s shareholders are as of that date, since shareholders of an actively traded stock are continually changing. The shareholders of record as of the record date will be entitled to receive the dividend or distribution, declared by the company.

What is Ex-Dividend Date?

The ex-dividend date (or ex-date) of a stock is dictated by stock exchange rules and is usually set to be one business day before the record date.

In order for an investor to receive a dividend payment on the listed payment date, they would need to have their stock purchase completed by the ex-dividend date. If the stock sale has not been completed by the ex-dividend date, then the seller on record is the one who receives the dividend for that stock.