Updated on August 28, 2024 at 17:14 IST
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Vedanta Dividend Date 2024: 3rd Interim Cash Payment for FY25 Coming Soon – Record Date is …
Vedanta Dividend Date 2024: Mining company led by billionaire Anil Agarwal Vedanta is one of the leading Indian companies in terms of dividend Yield. The company will again pay a new cash distribution to its shareholders. This would be the company's third interim dividend for the fiscal year 2025.
For the current financial year, the BSE 100-listed company has already declared two interim dividends of Rs 11 and Rs 4 lakh. Now, the Agarwal-led diversified metals company will soon announce a third distribution to its shareholders.
Vedanta Dividend Date 2024
In a stock exchange filing on Wednesday, Vedanta said that the board meeting will be scheduled for next week, on Monday, September 2, 2024, to consider and approve the third interim dividend on common stock (if any) for the financial year 2024-25.
Vedanta Dividend 2024 Deadline
Along with the announcement, the billionaire-led company has also set a record date for determining the entitlement of the common shareholders to the said dividend, if declared. Vedanta has set Tuesday, September 10, 2024, as the record date.
“The trading window for trading in the securities of the Company will remain closed to all named persons from Thursday, August 29, 2024, to Wednesday, September 4, 2024 (both days inclusive),” the company said.
Vedanta’s dividend history
The mining giant has a good dividend track record and has paid dividends consistently for the last 5 years. For the financial year ending March 2024, Agarwal-led Vedanta has paid a dividend of 2950 percent, which is equivalent to Rs 29.5 per share. At the current share price of Rs 466, this works out to a dividend yield of 6.33 percent.
Meanwhile, shares of the BSE 100-listed company have risen 81 percent so far in 2024, according to BSE analysis, against a gain of 95 percent last year.
