Vedanta Dividend News Today: The big wait is over! Billionaire Anil Agarwal's metals-to-mining conglomerate Vedanta Ltd on Friday, July 26 announced a second interim dividend payout of 400 per cent on the face value of Re 1 each. This amounts to a dividend of Rs 4 per equity share.
"The Board of Directors of Vedanta Limited (the “Company”), at its meeting held today i.e. Friday, July 26, 2024, has considered and approved the Second Interim Dividend of ₹ 4/- per equity share on face value of ₹ 1/- per equity share for the Financial Year 2024-25 amounting to c. ₹ 1,564 Crores," Vedanta said in an exchange filing dated July 26.
"As intimated earlier, the record date for the purpose of payment of dividend shall be Saturday, August 03, 2024, and the interim dividend shall be duly paid within the stipulated timelines as prescribed under law," the company said.
Vedanta declared Rs 11, its first interim dividend for fiscal year 2024-25 earlier this year in May. In calender year 2023, the company paid dividends on four occasions - Rs 12.5 in February, Rs 20.5 in April, Rs 18.5 in May, and Rs 11 in December.
In 2022, the company paid dividends on four occasions - Rs 13 in March, Rs 31.5 in May, Rs 19.5 in July, Rs 17.5 in November.
at the current market price Vedanta's dividend yield stands at 4.91 per cent.
So far during the session, 2.62 lakh equity shares changed hands on the NSE and about 12.86 lakh shares on the BSE. During the session, the scrip touched an intraday high of Rs 448 and an intraday low of Rs 434.60 on the BSE.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
2024-07-26T09:52:41Z dg43tfdfdgfd