The Government, which also holds a 29.5 per cent stake in Hindustan Zinc, will also receive a payout of Rs 1,247 crore.

A dividend is a distribution of a portion of a company's earnings to its shareholders. Dividends are typically paid out quarterly, but can also be paid annually or semi-annually. Not all companies pay dividends, but those that do typically do so because they have a steady stream of cash flow and are profitable.

A favorite of successful investors like Kevin O'Leary from Shark Tank. O'Leary's mother taught him to never spend the principal, only the interest, which inspired him to invest in stocks that pay regular dividends

At 11.15 am on Friday, the headline equity indices, i.e. Sensex and Nifty 50 were trading marginally higher, as Markets are giving mixed reactions to the rising inflation. 

The equity markets cheered as benchmark indices broke the four-day losing streak supported by strength in oil & gas, financial, IT and pharma shares. However, weakness in metal shares capped the upside gains. Sensex ended 427.79 points higher at 55,320.28 level while Nifty zoomed 121.85 points to end at 16,478.10 level.

Fading the two days’ gaining momentum, the benchmark indices ended in red on Friday. The hawkish statement from the US Fed lowered the sentiment globally including in domestic markets.