Vedanta stock rises despite mining giant trades ex-dividend
The Anil Agarwal-led board of the mining major had announced a second interim dividend of Rs 11 per equity share, i.e., a 1,100 per cent payout on the face value of Re 1 per share for the financial year 2023–24, to its shareholders, amounting to Rs 4,089 crore.
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Vedanta Share Price: Vedanta Ltd shares were trading higher on BSE on Wednesday (December 27, 2023) despite the stock trading ex-dividend today.
The Vedanta stock was up by 1.10 per cent, or Rs 2.75, at Rs 253.45, at 10:58 am on Wednesday.
Earlier, the Anil Agarwal-led board of the mining major had announced a second interim dividend of Rs 11 per equity share, i.e., a 1,100 per cent payout on the face value of Re 1 per share for the financial year 2023–24, to its shareholders, amounting to Rs 4,089 crore.
The record date for the dividend is today.
As per the information provided by the company, the interim dividend will be duly paid within the stipulated timelines as prescribed by law.
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