1,100% dividend stock: Vedanta shares to trade ex-date tomorrow

Vedanta dividend ex date and record date: Shares of Vedanta are set to trade ex-dividend tomorrow, December 27. The board of billionaire Anil Agarwal-led mining major has announced its 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. Here are other details to follow:

Vedanta dividend record date 2023

In addition, the record date for payment of dividends has been fixed as Wednesday, December 27.

Vedanta dividend payout date 2023

As per the company's communiqué, the interim dividend will be duly paid within the stipulated timelines as prescribed by law.

Vedanta dividend history

The Mumbai-headquartered company in the past 12 months has declared equity dividends amounting to Rs 51.5 per share, as per data available on the stock research portal Trendlyne.

Besides, in the latest development, Bharat Aluminium Company Limited, Vedanta's subsidiary, received a Goods and Services Tax (GST) demand notice worth Rs 84,70,09,977 for FY 2017-18 on account of various interpretational issues. As per the filing, Vedanta and Bharat Aluminium Company are not expected to have any material financial impact.

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