Vedanta declares third interim dividend of ₹20 per share

3 Sep 2024 , 03:15 PM

Vedanta Ltd., the mining giant owned by Anil Agarwal, announced its third interim dividend of ₹20 per share during the board meeting on Monday.

The company previously distributed two interim dividends of ₹11 and ₹4 per share earlier this year.

Vedanta has paid ₹35 per share in dividends to shareholders so far this fiscal year.

This is the company’s highest dividend payout since April 2023, when it distributed ₹20.5 per share.

The current dividend payout totals ₹7,821 Crore. Vedanta Resources, the promoter entity of Vedanta Ltd., would get a total dividend of ₹4,409 Crore for their present stake.

Vedanta Resources owned 56.38% stake in Vedanta Ltd. as of July 20, after decreasing its holding through block deals and institutional share sales.

The record date for the dividend is September 10, 2024. As of the conclusion of the June quarter, the company has 17.4 lakh small shareholders (those with approved share capital of less than ₹2 lakh).

Vedanta Resources owned 56.38% stake in Vedanta Ltd. as of July 20, after decreasing its holding through block agreements and institutional share sales.

The record date for the dividend is September 10, 2024. As of the conclusion of the June quarter, the company has 17.4 lakh small shareholders (those with approved share capital of less than ₹2 lakh).

At around 2.37 PM, Vedanta was trading 0.50% higher at ₹465.55, against the previous close of ₹463.25 on NSE. The counter touched an intraday high and low of ₹473.25, and ₹462.10, respectively.

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