Vedanta in spotlight as board meets to decide fourth interim dividend for FY25 today

Vedanta's board meeting, which in underway, will determine the fourth interim dividend. The company has set December 24 as the record date, ensuring eligibility for shareholders.

This meeting was previously deferred in October due to unforeseen reasons.

The mining giant has already declared three interim dividends for FY25, amounting to Rs 35 per share. Its most recent payout of Rs 20 per share came in September, following earlier dividends of Rs 11 and Rs 4.

Vedanta has a rich dividend history, declaring 45 dividends since 2001, per Trendlyne data.

Performance boost in FY25

Vedanta shares have doubled in value this year, delivering a stellar 102 per cent year-to-date return. The company’s Q2 FY25 performance saw a profit of Rs 5,603 crore, a sharp turnaround from the Rs 915 crore loss recorded in the same period last year.

While revenue from operations dipped 4 per cent year-on-year to Rs 37,171 crore, EBITDA for the July-September quarter stood at Rs 9,828 crore, with margins at 26.1 per cent.

Investor optimism

The stock's recent surge aligns with market optimism over the company's strong dividend track record and its financial recovery. The trading window for Vedanta’s securities remains closed from December 12 to December 18 in light of the upcoming board meeting.

Investors are keenly watching the company’s dividend announcement as it continues to bolster its position in the market.