Vedanta announces fifth interim dividend of Rs 20.50 per share


Vedanta Ltd, the natural resource conglomerate has declared its fifth interim dividend of a whopping 2050% percent to its shareholders.

Vedanta Ltd has a very good track record of dividend payout. As you know that Vedanta Ltd is one of the leading metal stocks that regularly pays dividend to its shareholders. So far Vedanta Ltd has paid a dividend of whopping rupees 81/- per equity share to its shareholders of face value rupee 1/- to date.

The current share price of Vedanta Ltd is 281.75 rupees apiece as of 29th March. This financial year the company has declared dividends five times. Vedanta Ltd board has approved the fifth interim dividend of rupees 20.50/- per equity share i.e., 2050 per cent of face value of rupee 1/- per share for the financial year 2022-23, which was filed by the company in the regulator. The net amount for the dividend payout is 7,621 crores. Thanks, Company has fixed 7 April 2023, as the dividend record date.

Dividends that Vedanta announced so far for the financial year 2023

The metal conglomerate so far declared five times dividends in FY 2023. The last dividend was declared during the third quarter results in January. The Vedanta board had approved a fourth interim dividend of rupees 12.50/- per equity share, amounting to rupees 4,647 crores.

Vedanta announced its third interim dividend of rupees 17.50 /- per equity share in November 2022, amounting to 6,505 crore rupees. Its second interim dividend came in July last year amounting to rupees 7,250 crores which is 19.50/- rupees per equity share.

And the company declared its first interim dividend of rupees 31.50 /- per equity share in April 2022, amounting to rupees 11,719 Crore. The total dividend paid in FY23 so far amounted to rupees 39,112 crores. 

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