Vedanta declares Rs 8.5/share dividend: Record date, other key details to know
Mining major Vedanta Ltd's board on Monday declared a dividend of Rs 8.5 per share amounting to Rs 3,324 crore. The latest dividend will enable the Mumbai-headquartered private sector company to reduce the debt owed by its London-based parent Vedanta Resources. The announcement makes this Vedanta Ltd's fourth dividend so far this financial year.
Vedanta Dividend Per Share: Mining giant Vedanta Ltd's board on Monday approved a dividend of Rs 8.5 per share for eligible shareholders. This marks the Mumbai-based miner's fourth interim dividend for the current financial year, which ends in March 2025.
Vedanta board gives nod to Rs 8.5 per share dividend
Vedanta Ltd's fourth interim dividend amounts to Rs 3,324 crore, according to a regulatory filing.
Vedanta's latest payout takes dividends in FY25 to Rs 43.5 so far
The fourth interim dividend follows three earlier payouts announced earlier in FY25.
Vedanta announced a dividend each in September (Rs 20 per share), August (Rs 4 per share) and May (Rs 11 per share).
Vedanta fourth dividend record date
Vedanta Ltd has set a record date of December 24 for what is set to be the fourth dividend this financial year.
850% Dividend
Vedanta's latest dividend translates to a payout of 850 per cent given the stock's face value of Re 1 per equity share.
Vedanta shares at record high
Earlier on Monday, Vedanta shares ended 1.2 per cent lower at Rs 513.4 apiece for the day on BSE, having reversed course after scaling a record high of Rs 527 apiece within the first few minutes of the session.
Metal stocks on the rise
Metal stocks have outperformed the overall market over the past few months riding on the back of higher metal prices. This is reflected in the Nifty Metal's rally of almost 21 per cent in one year during a 15 per cent upmove in the headline Nifty50 index.
Metal giant shining bright
Last week, Vedanta's market capitalisation—or market value—crossed the Rs 2 lakh crore mark for the first time ever.
What is Vedanta Ltd and what does it do?
Mumbai-based Vedanta Ltd is a natural resources company that has operations across various spaces including zinc, aluminium, lead, silver, copper, iron ore and oil & gas.