Hindustan Zinc today announced a one-time interim dividend of Rs 13,985 crore for the financial year 2016-17.
Together with dividend paid in April 2016 and interim dividend in October 2016, the the payout in FY17 totaling Rs 27,157 crore is the highest ever in India in a financial year, the company said in a release.
The Board of Directors has declared a special one-time interim dividend of 1,375 per cent, or Rs 27.50 on every equity share of Rs 2, entailing an outflow of Rs 13,985 crore including dividend distribution tax (DDT).
The record date for the dividend will be March 30, 2017.
“We are pleased to reward our shareholders with a special dividend, which reflects the company’s confidence in its continued robust performance and demonstrates our commitment towards delivering value for our shareholders,” Agnivesh Agarwal, Chairman, Hindustan Zinc said.
The company in March 2016 declared a special golden jubilee dividend of 1,200 per cent, amounting to Rs 24 on an equity share of Rs 2 each.
Hindustan Zinc is the one of the largest integrated producers of zinc-lead with a capacity of 1 million MT per annum and a leading producer of silver.
