Vedanta may announce interim dividend on this date. Record date fixed as May 30
- Vedanta dividend 2023 record date: Board of directors has announced 30th May to ascertain eligible shareholders for interim dividend payment
Vedanta shares witnessed buying interest among stock market bulls during Friday deals as company board has announced to consider and approve first interim dividend for the financial year 2023-24. Vedanta share price opened upside and went on to hit intraday high of ₹282.30 apiece levels on NSE. However, Vedanta shares finished more than 1.25 per cent higher on the weekend session at ₹282.10 per share levels on NSE.
Vedanta dividend 2023
In the week gone by, Vedanta informed Indian stock market bourses that its board of directors are going to consider and approve first interim dividend for the financial year 2023-24 in its upcoming board meeting, which is scheduled on 22nd May 2023 i.e. on Monday next week. The dividend stock also declared that Vedanta dividend 2023 record date has been fixed on 30th May 2023.
Vedanta declared dividend payment in an exchange communication citing, "Pursuant to Regulation 29 of Listing Regulations, Notice is hereby given that the meeting of the Board of Directors of the Company (the 'Board') is proposed to be scheduled on Monday, May 22, 2023, to consider and approve the First Interim Dividend on equity shares, if any, for the Financial Year 2023-24. Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Tuesday, May 30, 2023. Further, pursuant to the provisions of Securities & Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and Insider Trading Prohibition Code of the Company, the Trading Window shall continue to remain closed for dealing in securities of the Company for all Designated Persons from Thursday, May 18, 2023 till Wednesday, May 24, 2023 (both days inclusive)."
On Vedanta dividend record date, the dividend stock said, "Pursuant to Regulation 29 of Listing Regulations, Notice is hereby given that the meeting of the Board of Directors of the Company (the 'Board') is proposed to be scheduled on Monday, May 22, 2023, to consider and approve the First Interim Dividend on equity shares, if any, for the Financial Year 2023-24. Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Tuesday, May 30, 2023."
Vedanta dividend history
As per the information available on the official BSE website — bseindia.com, Vedanta Ltd has declared five interim dividends in the financial year 2022-23. For fifth interim dividend of ₹20.50 per share, Vedanta dividend record date 2023 was fixed on 7th April 2023.
Prior to this, Vedanta traded ex-dividend on four occasions in FY23. It traded ex-dividend on 6th May 2022 for payment of ₹31.50 per share interim dividend to its shareholders. On 26th July 2023, Vedanta Ltd once again traded ex-dividend for payment of ₹19.50 per share interim dividend to its shareholders.
On 29th November 2022, Vedanta Ltd once again traded ex-dividend for payment of ₹17.50 per share interim dividend. Likewise, on 3rd February 2023, Vedanta Ltd traded ex-dividend stock for payment of 12.50 per share.
Vedanta dividend yield
Therefore, in the financial year 2022-23, dividend declared by Vedanta Ltd is ₹101.50 ( ₹31.50 + ₹19.50 + ₹17.50 + ₹12.50 + ₹20.50) per share. In the beginning of FY23, Vedanta share price was around ₹400 per share. So, Vedanta dividend yield in last one year is around 25 per cent [(101.50/400) x 100].
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
Prior to this, Vedanta traded ex-dividend on four occasions in FY23. It traded ex-dividend on 6th May 2022 for payment of ₹31.50 per share interim dividend to its shareholders. On 26th July 2023, Vedanta Ltd once again traded ex-dividend for payment of ₹19.50 per share interim dividend to its shareholders.
On 29th November 2022, Vedanta Ltd once again traded ex-dividend for payment of ₹17.50 per share interim dividend. Likewise, on 3rd February 2023, Vedanta Ltd traded ex-dividend stock for payment of 12.50 per share.
Vedanta dividend yield
Therefore, in the financial year 2022-23, dividend declared by Vedanta Limited is ₹101.50 ( ₹31.50 + ₹19.50 + ₹17.50 + ₹12.50 + ₹20.50) per share. In the beginning of FY23, Vedanta share price was around ₹400 per share. So, Vedanta dividend yield in last one year is around 25 per cent [(101.50/400) x 100].
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
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