Companies

Hindustan Zinc Announces Special Dividend Payout of Rs 8,000 Crore for Shareholders

Published August 16, 2024

Hindustan Zinc to Reward Shareholders with Special Dividend

Vedanta group company Hindustan Zinc Ltd (HZL) has signaled its intention to distribute a hefty sum to its shareholders by way of a special dividend. According to insider information, the firm is setting aside a considerable Rs 8,000 crore for this purpose in the current fiscal year. This move underlines HZL's financial health and commitment to rewarding its investors.

Board Meeting Scheduled to Approve Dividend Payout

Sources close to the matter have revealed that HZL's board of directors is due to convene on a Tuesday to deliberate and subsequently sanction the proposed special dividend for the fiscal year. This forum is expected to cement the exact figures and the timeline for the dividend's issuance to shareholders.

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HindustanZinc, Dividend, Shareholders