1 week Ago
Dividend Stock: Vedanta share price remains in focus as the stock will trade Ex-dividend today. Vedanta had set record date of Tuesday, 24 December 2024 for determining eligibile shareholders to receive fourth interim dividend of ₹ 8.50 per equity share with a face value of ₹ 1.
As per the T+1 settlement mechanism, the 24 December 2024 record date meant that investors needed to buy shares of Vedanta , a day prior to the record date (i.e. Monday, December 23) for their names to appear in the list of eligible shareholders on the record date, for receiving dividend payout.
Vedanta share price closed at ₹ 473.10 on the BSE on Tuesday, 0.92% lower than the previous day close.
Vedanta share price having risen 85% year to date has given handsome returns to the investors . The investors have further been rewarded with good dividend payout with fourth interim dividend being paid now. Fourth Interim Dividend details At their board meeting held on Monday, December 16, 2024, the Board of Directors of Vedanta considered and approved the fourth interim dividend of ₹ 8.
5/- per equity share on the face value of ₹ 1/- per equity share for the financial year 2024-25 amounting to c. ₹ 3,324 crore. Dividend Payout date While the record date for the purpose of payment of dividend had been set by Vedanta as Tuesday, December 24, 2024.
, the company in its release on the exchanges had said that the interim dividend shall be duly paid within the stipulated timelines as prescribed Dividend History for Vedanta in FY25 Vedanta issued its first interim dividend of ₹ 11 per equity share in May 2024. This was followed by second interim dividend declared by Vedanta of ₹ 4 per share, totalling ₹ 1,564 crore with the ex-date for the second interim dividend being August 2, 2024..
Vedanta thereafter in September had announced a third interim dividend of ₹ 20 per share. The same translated into a total payout of ₹ 7,821 crore, with an ex-date of September 10, 2024. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.
We advise investors to check with certified experts before taking any investment decisions.
