Vedanta Limited, a leading company in the metal sector, has given investors a chance to be happy. The company’s board on Monday approved the fourth interim dividend of Rs 8.5 per equity share for financial year 2024-25. After this announcement the company will have to pay Rs 3,324 crore. Vedanta has given this information in its exchange filing. According to Livemint news, the date for dividend payment has been fixed as December 24, 2024.
Dividend on face value of Re 1 per equity share
According to the news, Vedanta said in a statement that the Board of Directors of Vedanta Limited, in its meeting held on December 16, 2024, has approved the fourth interim dividend of Rs 8.5 per equity share at the face value of Re 1 per equity share for the financial year 2024-25. Considered and approved. This is Rs 3,324 crore. The dividend will be distributed within the stipulated date. Vedanta is known for paying consistent and high dividends. In the last 12 months, Vedanta declared a dividend of ₹46 per share, resulting in a dividend yield of 8.96%.
When did you give it this year?
Earlier in the current financial year, the company had declared interim dividends of ₹11 in May, ₹4 in August and ₹20 in September. According to Livemint news, since July 2001 till now the company has declared 46 dividends. Vedanta led by Anil Aggarwal has given excellent returns to investors in recent times. The stock has gained 97 percent in one year, while it has gained 15 percent in the last six months. Vedanta’s share price closed at Rs 513.40, down 1.21 per cent, on the Bombay Stock Exchange (BSE) ahead of the dividend declaration.
Anil Aggarwal-led Vedanta has given impressive returns to investors in recent times. This stock has gained 97 percent in one year, while in the last six months it has gained 15 percent.
