Hindustan Zinc has declared a special interim dividend of Rs. 13,985 Crore.
The record date for the dividend will be March 30, 2017.
Together with the Golden Jubilee dividend paid in April 2016 and the interim dividend paid in October 2016, the aggregate dividend being paid by Hindustan Zinc during this financial year will be Rs. 27,157 Crore including dividend distribution tax.
The Company said this is the largest dividend outflow by any company in India in a single financial year. Of this amount, Rs. 11,259 Crore will go to the Government.
Agnivesh Agarwal, Chairman, said, “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. Since disinvestment by the Government in 2002, the cumulative dividends paid by the Company, including the current special dividend, is Rs. 37,517 Crore including dividend distribution tax.”
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