Vedanta announces third interim dividend of Rs 17.5 per equity share

23 Nov 2022 , 07:09 AM

Vedanta, a significant player in the mining and metals industries, declared a third interim dividend of Rs17.5 per equity share. The dividend payment, whose record date has been set for November 30, had been authorized by the company’s board of directors.

The company run by Anil Agarwal has so far declared three rounds of dividends for the fiscal year 2022—2023 (FY23), bringing its total dividend payout for the year to Rs25,465 crore. According to data provided by BS Research Bureau, this is higher than the total dividend paid by the business in FY22, which was Rs16,740 crore.

Vedanta Resources dividend announcements coincide with the company’s efforts to deleverage its balance sheet, as Vedanta Resources controls 69.7% of Vedanta.