Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Markets / Stock Markets/  Vedanta announces interim dividend: Key things to know
BackBack

Vedanta announces interim dividend: Key things to know

Vedanta share price was up over 3% to ₹307 apiece on the BSE in Thursday's early deals after board on Wednesday approved interim dividend of ₹6,877 crore

VedantaPremium
Vedanta

Vedanta Ltd on Wednesday said its board has approved an interim dividend of 18.50 per equity share for FY2021-22, amounting to 6,877 crore. The shares of the company on the BSE were trading over 3% higher in Thursday's early deals. 

"The board of directors of the company in its meeting held on Wednesday...have approved first interim dividend of 18.50 per equity share i.e. 1850% on face value of Re 1 per share for the financial year 2021-22 amounting to 6,877 crore," Vedanta Ltd said in a filing to BSE.

The record date for the purpose of payment of dividend September 9. The interim dividend will be paid within stipulated timelines as prescribed under law, the mining giant said. This is the company's first interim dividend for 2021-22.

Last week, Vedanta had informed that its board will meet on September 1 to consider and approve the first interim dividend on equity shares, if any, for the financial year 2021-22. 

Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading diversified natural resource companies with business operations in India, South Africa, Namibia, and Australia. The Anil Agarwal-led firm is a leading producer of Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Aluminium & Power. 

Shares of Vedanta has rallied nearly 140% in the past year whereas it has surged 92% this year (year-to-date or YTD) alone. 

Last month, Vedanta group firm Hindustan Zinc Ltd (HZL) had said its board meeting to consider interim dividend for the current financial year, FY22, was deferred, however, the company said that that there is no change to its dividend policy and it will adhere to it.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 02 Sep 2021, 11:25 AM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie