Vedanta declares fourth interim dividend of Rs 8.5 per share for FY25

Vedanta's board has approved a fourth interim dividend of Rs 8.5 per share for FY25, bringing the total dividend payout this financial year to Rs 43.5 per share. The record date for the dividend is set as December 24, 2024, ensuring eligibility for shareholders who hold the stock on that date.

This decision follows the company's earlier three interim dividends, which totalled Rs 35 per share. The most recent payout of Rs 20 per share was announced in September, following earlier payouts of Rs 11 and Rs 4 per share.

Vedanta's dividend history remains robust, with 45 payouts since 2001, according to Trendlyne data. The company’s stock has performed impressively in 2024, delivering over 100 per cent year-to-date returns, after significant declines in 2022 and 2023.

In Q2 FY25, Vedanta reported a profit of Rs 5,603 crore, a sharp recovery from a Rs 915 crore loss in the same period last year. While revenue dipped four percent year-on-year to Rs 37,171 crore, EBITDA margins improved to 26.1 per cent.

Investors remain optimistic about Vedanta’s financial recovery and steady dividend track record, keeping the stock in focus amidst recent market volatility.

(This is a developing story. Stay tuned for more updates)