Vedanta to announce third interim dividend on THIS DATE – check record date and other details

Metal major Vedanta Limited is scheduled to announce its third interim dividend for the financial year 2022-23 (FY23) next week, the company said through its filing on Thursday.

“The Board of Directors of the Company (the “Board”) on Tuesday, November 22, 2022, will consider and approve Third Interim Dividend on equity shares, if any, for the Financial Year 2022-23,” Vedanta said in a filing available on the exchanges.

The metal company has already announced the Record Date for the third interim dividend, which is expected to be approved by the board on Tuesday, next week.

Vedanta further said, “The record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Wednesday, November 30, 2022.”

Shares of Vedanta on Thursday closed over 1.5 per cent higher to Rs 307.2 per share on the BSE as compared to 0.4 per cent fall in the S&P BSE Sensex.

Earlier, Vedanta’s subsidiary Hindustan Zinc had also fixed the record date for the payment of second interim dividend for the financial year 2022-23.

“The Board of Directors of the Company on Wednesday, November 16, 2022, approved second interim dividend of Rs. 15.50 per equity share that is 775% on face value of Rs. 2/- per share for the Financial Year 2022- 23 amounting to Rs. 6549.24 Crores,” the company said in its filing.

"The Record date for eligibility of second interim dividend, if any, so declared will be Thursday, November 24, 2022," the company said in the filing.