Hindustan Zinc gains after board OKs interim dividend of Rs 19/sh

The record date for the purpose of payment of dividend is Wednesday, 28 August 2024. At yesterday's closing price of Rs 495.75, the said dividend translates to a dividend yield of 3.83%.

Hindustan Zinc, a Vedanta Group company, is an integrated producer of zinc, lead and silver. As of June 2024, Vedanta held 64.92% stake in the company.

The company's consolidated net profit increased 19.4% t Rs 2,345 crore during the quarter as compared with Rs 1,964 crore in Q1 FY24. Revenue from operations jumped 12% YoY to Rs 8,130 crore in Q1 FY25.