Vedanta spurts on declaring interim dividend of Rs 19.50 per share

20 Jul 2022 , 12:31 PM

the Board of Directors of the Company through resolution passed by circulation on Tuesday, July 19, 2022 have approved Second Interim Dividend of Rs 19.50 per equity share i.e. 1950% on face value of Re. 1/- per share for the Financial Year 2022-23 amounting to Rs 7,250 crores, Vedanta said in a statement on Tuesday (19 July 2022). The record date for the purpose of payment of dividend is 27 July 2022. Based on the ruling market price, the stock offers a dividend yield of 7.52%. Vedanta, a subsidiary of Vedanta Resources, is one of the worlds leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia. On a consolidated basis, the company reported 10% drop in net profit to Rs 5,799 crore on a 41% increase in revenue from operations to Rs 39,342 crore in Q4 FY22 over Q4 FY21. Powered by Capital Market – Live News