PSU Dividend: Miniratna Metal Stock Sets Record Date For Dividend, Rallies 355% In 3-Yrs

Mid cap public sector undertaking (PSU), Hindustan Copper Ltd on Friday fixed September 22, 2023 as the record date for dividend for the financial year 2022-23. Last trading price of Hindustan Copper share is Rs 167.05 apiece with intraday gain of 5.43%. Hindustan Copper stock gained 355% in last 3-years. It recommended 0.92 per share dividend on May 19 of the face value of Rs 5/- each for FY 2022-23. Check details below:

Hindustan Copper Dividend: According to the May 19 BSE filing of Hindustan Copper, "We are pleased to inform that Board of Directors of Hindustan Copper Ltd (HCL / the Company) in its meeting held on 19th May, 2023 has recommended payment of dividend at the rate of Rs.0.92 per equity share of face value of Rs. 5/- each equivalent to 18.32% on paid up capital of the Company for FY 2022-23, subject to approval of the shareholders at the Annual General Meeting (AGM) which has been convened on 29th September, 2023."

It fixed September 22, 2023 as the record date for dividend." 56th Annua[ General Meeting of the Company to be convened on 29th September, 2023 and for declaration of dividend for FY 2022-23.

Hindustan Copper Stock Outlook and Return: Last trading price of Hindustan Copper share is Rs 167.05 with intraday jump of 5.43% on BSE. Its 52-week high price is Rs 168.00 per share and 52-week low price is Rs 94.00 apiece, respectively. Its market capitalisation is Rs 16,154.14 crore. Hindustan Copper Ltd shares gained 15% in last 1-week, soared 50% in 3-months, jumped 63% in 6-months, rallied 43% in last 1-year, and offered a return of 355% in last 1-year. In last 1-year, Hindustan Copper stock soared 43% and gained 166% in last 5-years.

Hindustan Copper Financials: The company for the quarter ended June 30, 2023 announced its consolidated total income at Rs 384.73%, down 37.07% as against the last quarter total income of Rs 611.37 crore. It declared its net profit after tax at Rs 47.28 crore in latest quarter.

Hindustan Copper About: Hindustan Copper Limited (HCL), a public sector undertaking, incorporated on 9th November 1967, is under the administrative control of the Ministry of Mines, Government of India . It has the distinction of being the nation's only vertically integrated copper producing company as it manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products, according to its official website.

Disclaimer: The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.