Hindustan Zinc’s big payout to change cash surplus position to net debt, analysts say
The capital structure at Hindustan Zinc will now change to net debt from net cash surplus after a record fourth dividend payout this fiscal year, analysts pointed out Wednesday, justifying their ‘sell’ recommendations on the stock.
The company announced its latest tranche of dividend at Rs 26 a share. With that, the total cash outgo through dividends for the year amounts to nearly Rs 32,000 crore.
Read More at : ECONOMIC TIMES