This Vedanta subsidiary's shares surge 4% ahead of June 11 board meeting to consider interim dividend

Economic Times

a day ago

Hindustan Zinc shares experienced a 4% surge, closing at Rs 522.40 on the BSE. This increase in investor confidence comes before the board meeting scheduled for June 11, 2025. The board will consider and approve the first interim dividend for the financial year 2025–26. June 17, 2025, is the record date for dividend eligibility.
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Hindustan Zinc share price performance
Shares of Hindustan Zinc rose 4% on Monday to close at Rs 522.40 on the BSE, as investor sentiment turned upbeat ahead of the company's scheduled board meeting on June 11, 2025, to consider and approve the first interim dividend for the financial year 2025–26.'Pursuant to Regulation 29 of SEBI Listing Regulations, Notice is hereby given that the Board of Directors of the Company ('Board') on Wednesday, June 11, 2025, will consider and approve the first Interim Dividend on equity shares, if any, for the Financial Year 2025-26,' the company informed to the stock exchanges via a regulatory filing.In an earlier regulatory filing, the Vedanta Group subsidiary announced that its board will meet on Wednesday to decide on the interim dividend, if any, on equity shares.The company also stated that June 17, 2025, has been fixed as the record date for determining the eligibility of shareholders to receive the dividend, if declared.Further, in line with SEBI's insider trading regulations, Hindustan Zinc has closed its trading window for designated persons from June 9 to June 13, 2025, both days inclusive, ahead of the board deliberations.Over the past 12 months, Hindustan Zinc Ltd. has announced a total equity dividend of Rs 19 per share. Based on the current share price of Rs 517, this translates to a dividend yield of 3.68%.The shares of Hindustan Zinc have declined 24.25% over the past 1 year, despite showing a 17.31% gain year-to-date (YTD). In the last 6 months, the stock has moved up by 2.89%, while the 3-month return stands at 21.47%. Notably, the stock has surged 27.70% in the last 1 month, indicating strong short-term momentum.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)