Vedanta dividend board meeting today; shares to remain in focus

Vedanta dividend record date 2023, Vedanta board meeting results today: Vedanta shares will remain on investors' radar on Monday, December 18, ahead of the scheduled board meeting of the Anil Agarwal-backed company to consider and approve a second interim dividend for the current financial year, which ends on March 31, 2024.

Vedanta dividend record date 

The mining major’s board has already fixed December 27 as the record date for any such dividend, if declared today.

"Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Wednesday, December 27, 2023,” Vedanta's regulatory filing read.

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 stock research portal Trendlyne.

Vedanta dividend yield

At the current share price of Rs 252.9, Vedanta’s dividend yield stands at 20.2 per cent.

Here’s the dividend yield formula:

Dividend yield = cash dividend per share/market price per share

Vedanta share price history

Vedanta shares have given a negative return of nearly 20 per cent so far this year.

In a separate development, the diversified minerals company launched a liability management exercise to restructure $3.8 billion of repayments maturing in the next three years.

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