Vedanta Dividend News: Record date fixed! 1st payout announcement of FY 2025 on THIS date

vedanta dividend news: record date fixed! 1st payout announcement of fy 2025 on this date

vedanta dividend news record date fixed! 1st payout announcement of fy 2025 on this date

Vedanta Dividend News, Record Date: Billionaire Anil Agarwal-led Vedanta Limited is set to hold its board meeting soon and announce the first dividend for the financial year 2025. The diversified metals company is amongst the top dividend paying firms in the country with a high yield.

The company on Monday announced the board meeting date for the dividend declaration and fund raise by issue of equity shares.

Vedanta Dividend 2025

Agarwal-led company’s board will meet on Thursday, May 16, to declare the first Interim dividend on equity shares, if any, for the Financial Year 2024-25.

Vedanta Dividend 2025 Record Date

While announcing the date, the company has already fixed the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend. If declared, the record date for the dividend has been fixed as Saturday, May 25, 2024.

Vedanta Dividend History

The company has a good dividend track report and has consistently declared dividends for the last 5 years. For the financial year 2024, Agarwal-led Vedanta declared an equity dividend of 2950 per cent, which translates to Rs 29.5 per share. At the current share price of Rs 438.00 this results in a dividend yield of 6.7 4 per cent

Vedanta Fundraise

In addition to the dividend announcement, the company said its board will also consider and approve the raising of funds by issue of equity shares or any other securities convertible into equity shares or a combination of such securities by way of further public offer, rights issue, American Depository Receipts/Global Depository Receipts/Foreign Currency Convertible Bonds, qualified institutions placement, preferential issue or any other method.

Vedanta Share Price History

Shares of the company settled nearly 1 per cent up at Rs 437.40 apiece on BSE on Wednesday. The stock has a 52-week range of Rs 207.85 and Rs 448.95. A constituent of S&P BSE 100, Vedanta shares have jumped 63 per cent in the last 3 months while zoomed 81 per cent in six months, according to BSE analytics.

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