Vedanta Dividend News: Latest - 1750% dividend announced - check amount per share, record and ex date | Vedanta Share Price NSE

Vedanta Dividend News, Vedanta Dividend 2022, Vedanta Dividend Amount Per Share, Record Date, Ex Date: Metal major Vedanta Limited has announced to pay dividends to its shareholders. This would be the third interim dividend by Vedanta for the financial year 2022-23. According to an exchange filing by Vedanta, its board of directors met today, November 22, to finalise the dividend.

According to an exchange filing by Vedanta, the Mumbai headquartered company will pay 1750 per cent dividend to its shareholders having a face value of Re 1 each.

Vedanta Dividend Amount Per Share

"We wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Tuesday, November 22, 2022 have approved Third Interim Dividend of Rs 17.50 per equity share i.e. 1750% on face value of Re. 1/- per share for the Financial Year 2022-23," the company said in a BSE filing.

Vedanta Dividend 2022 Record Date

Vedanta has also announced the record date for the payment of dividends. As per the filing, Vedanta share dividend record date 2022 is November 30. It means that Vedanta will pay Rs 17.50 dividend per share to shareholders who will have shares in their Demat account on the record date.

"The record date for the purpose of payment of dividend is Wednesday, November 30, 2022," the company said.

Vedanta Dividend Ex-Dividend Date
 

Vedanta shares will trade ex-dividend date a business day before the record date. Usually, an ex-date is a business day prior to the record date. Accordingly, Vedanta ex-dividend date would be November 29, Tuesday. 

A person should buy a company's shares before it trades ex-date so that shares are credited into the Demat account before the record date. 

Vedanta Dividend 2022 Payment Date

According to the filing, the interim dividend will be paid within stipulated timelines as prescribed under law. "We request you to kindly take the above information on record."

Vedanta Dividend History
 

In the current financial year, Vedanta has so far distributed interim dividend on two occasions. In May, the company paid Rs 31.50 dividend per share. In July, the company paid Rs 19.50 dividend per share.

In the last financial year, Vedanta paid Rs 45 dividend per share. Before that, the company paid Rs 9.5 dividend per share. In the preceding fiscal, it paid Rs 3.9 dividend per share. Before that, it had paid Rs 40.05 dividend per share.

Vedanta Share Price NSE Target 2022
 

Shares of Vedanta gained marginally to settle at Rs 310.40 on NSE on Tuesday, November 22. Brokerage firm Citi has given a ‘Sell’ call on Vedanta. Citi, however, increased its share price target to Rs 235 from Rs 215.

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