Vedanta shares jump as dividend stock to consider interim dividend next week

Vedanta Dividend 2023

In the last week, Vedanta informed the Indian Share Market bourses that its board of directors is going to consider and approve the first interim dividend for the financial year 2023-24 in its upcoming board meeting, which is scheduled to be held on 22nd May 2023 i.e. next week Monday. The dividend stock also announced that the Vedanta Dividend 2023 record date has been set as May 30, 2023.

Announcing the dividend payment, Vedanta in an exchange communication said, “Pursuant to Regulation 29 of the Listing Regulations, notice is given that a meeting of the Board of Directors (‘Board’) of the Company is proposed to be held on Monday, May 22, 2023, To consider and approve the First Interim Dividend, if any, on Equity Shares for the financial year 2023-24. Please note that the record date, if declared, for the purpose of determining the eligibility of the Equity Shareholders for the said dividend being fixed on Tuesday, the 30th May, 2023. Further, the trading window shall continue to be in accordance with the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and the Company’s Insider Trading Prohibition Code. Closed for trading in the securities of the Company for all designated persons from Thursday, May 18, 2023 to Wednesday, May 24, 2023 (both days inclusive).”

But Vedanta Dividend Record DateThe dividend stock said, “Pursuant to Regulation 29 of the Listing Regulations, notice is hereby given that a meeting of the Board of Directors (‘Board’) of the Company is proposed to be held on Monday, May 22, 2023. on the Equity Shares for the financial year 2023-24 To consider and approve the First Interim Dividend, if any. Please note that the record date is being determined for the purpose of determining the eligibility of the Equity Shareholders for the said dividend, if declared. Tuesday, 30 As of May, 2023.”

Vedanta Dividend History

As per the information available on the official website of BSE – bseindia.com, Vedanta Limited has declared five interim dividends in the financial year 2022-23. for the fifth interim dividend of 20.50 per share, Vedanta dividend record date 2023 was fixed on 7th April 2023.

Earlier, Vedanta traded ex-dividend on four occasions in FY23. It traded ex-dividend for payment on 6 May 2022 31.50 per share as interim dividend to its shareholders. On July 26, 2023, Vedanta Limited to trade again for the payment of ex-dividend 19.50 per share as interim dividend to its shareholders.

On 29th November 2022, Vedanta Limited to trade again for the payment of ex-dividend 17.50 per share as interim dividend. Similarly, on February 3, 2023, Vedanta Limited’s ex-dividend stock traded for a payout of Rs 12.50 per share.

Vedanta Dividend Yield

Therefore, in the financial year 2022-23, the dividend declared by Vedanta Ltd. is 101.50 ( 31.50+ 19.50+ 17.50+ 12.50+ 20.50) per share. At the beginning of FY23, Vedanta share price was around 400 per share. Hence, Vedanta dividend yield is around 25 per cent in the last one year [(101.50/400) x 100],

Disclaimer: The views and recommendations given above are of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.

Earlier, Vedanta traded ex-dividend on four occasions in FY23. It traded ex-dividend for payment on 6 May 2022 31.50 per share as interim dividend to its shareholders. On 26 July 2023, Vedanta Ltd. once again traded ex-dividend 19.50 per share as interim dividend to its shareholders.

On November 29, 2022, Vedanta Limited to trade again for the payment of ex-dividend 17.50 per share as interim dividend. Similarly, on February 3, 2023, Vedanta Limited’s ex-dividend stock traded for a payout of Rs 12.50 per share.

Vedanta Dividend Yield

Hence declared dividend in the financial year 2022-23 Vedanta Limited Is 101.50 ( 31.50+ 19.50+ 17.50+ 12.50+ 20.50) per share. At the beginning of FY23, Vedanta share price was around 400 per share. Hence, Vedanta dividend yield is around 25 per cent in the last one year [(101.50/400) x 100],

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.