Vedanta shares in demand as investors cheer Anil Agarwal-led mining giant's big dividend payout

Vedanta dividend, Vedanta share price: Mining giant Vedanta's shares rose, trading in high volumes, in the Indian share market on Wednesday, a day after the company announced a mega dividend for its shareholders. After market hours on Tuesday, Vedanta announced a dividend of Rs 20.5 per share of face value Re 1 per share — translating to a dividend payout of 2,050 per cent. 

Vedanta shares gained by Rs 5.3 or 1.9 per cent to Rs 279.5 at the strongest level of the day. By 11 am, as many as 5.7 lakh Vedanta shares had changed hands for the day so far as against a daily average of 6.9 lakh in the past two weeks, according to provisional exchange data. 

This is the company's fifth interim dividend for the financial year ending later this month.

Here's a look at Vedanta's dividends in 2022-23:

Vedanta dividend: When is the record date for Vedanta's latest dividend?

The company's board had earlier set April 7 as the record date for any such dividend decided on March 28. Read more on Vedanta dividend record date

What is a record date and what does it imply?

A record date determines the shareholders eligible to benefit from corporate action such as a dividend. Simply put, investors holding Vedanta shares on April 7 will qualify to receive the company's latest dividend. 

Vedanta dividend: When will the dividend be paid to shareholders?

The interim dividend will be paid within the stipulated timelines as prescribed under law.

Vedanta share price: Historical performance

Vedanta shares have lost about 14 per cent of their so far in 2023, a period in which the Nifty50 headline index has declined 6.6 per cent. 

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