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Published: September 24, 2024
Updated: September 24, 2024

Vedanta Gears Up for Fourth Dividend in FY25: Record Date and Dividend History Revealed

Upcoming Dividend Announcement

Vedanta Ltd, led by Anil Agarwal, is preparing to announce its fourth interim dividend for the financial year 2024-25. The Board of Directors is scheduled to meet on Tuesday, October 8, 2024, to consider and approve the potential dividend payout on equity shares. If approved, this will be the fourth dividend paid to shareholders this financial year.

In an exchange filing on September 25, the company confirmed that it will deliberate on the interim dividend at the upcoming board meeting.

Ex-Date and Record Date for the Dividend

Vedanta has already set the ex-date and record date for the upcoming dividend. The company announced that Wednesday, October 16, 2024, would serve as the record date to determine the eligibility of shareholders for the dividend. The ex-date, which is the last date for investors to buy the stock and still qualify for the dividend, has also been aligned with October 16.

Vedanta’s Impressive Dividend History

Vedanta has been consistently rewarding its shareholders with dividends this year. In FY25, the company has already announced three dividends: Rs 11 in May, Rs 4 in August, and a substantial Rs 20 in September. These regular payouts have elevated Vedanta’s reputation as a high-yield stock, with its current annual dividend yield standing at 6.84%.

In 2023, the company followed a similar pattern, issuing four dividends: Rs 12.50 in February, Rs 20.50 in April, Rs 18.50 in May, and Rs 11 in December. This track record highlights the mining conglomerate's commitment to returning value to its shareholders.

Vedanta's Stock Performance

Vedanta’s share price has been on an impressive run. On Friday, the stock touched a 52-week high, reaching Rs 514.85 on the Bombay Stock Exchange (BSE). It opened at Rs 506, hit a low of Rs 501.75, and eventually closed at Rs 512.85, representing a 2.19% gain from the previous close.

The stock has also delivered strong returns over time, gaining 13.94% in the past week and 10.59% in the past month. Over a six-month period, the stock has surged 88.83%, doubling its investors' money. In the last year, Vedanta’s stock has risen by 145.44%, demonstrating robust growth.

Strong Dividends and Share Price Growth Make Vedanta a Key Stock to Watch

With consistent dividends and impressive stock performance, Vedanta continues to deliver solid returns for its investors. The upcoming board meeting on October 8, 2024, is highly anticipated, as shareholders await the potential announcement of the fourth interim dividend. Vedanta’s strong dividend track record, combined with its robust share price growth, positions it as a valuable stock for long-term investors.