Hindustan Zinc: Re-rating likely on rising dividend payout
Friday, March 24, 2017, 7:41 AM
HZL's announcement of a dividend of Rs.27.50 a share was cheered by the Street, with its stock price up 2.7% to close at Rs.320.20. The Street had expected a dividend of up to Rs.20. With a year-to-date one of Rs.29.45 a share, the dividend yield now comes to more than nine %, and the payout is higher than the Rs.27.8 a share in FY16.