Dividend Stock: Veteran industrialist Anil Aggarwal’s company Vedanta is going to give dividend to its investors once again. This will be the fourth interim dividend given by the company for the financial year 2024-25. Vendata Limited said in an exchange filing on Wednesday, December 11 that an important meeting of the company’s board of directors is going to be held on Monday, December 16. Dividend will also be considered in this meeting. If anything is finalized regarding dividend in the meeting then it will be announced on 16th December.
Record date fixed for the fourth interim dividend of the current financial year
Vedanta said in the information given to the stock market exchanges that the company has fixed the record date for this fourth interim dividend to be given for the current financial year 2024-25. The company said that Tuesday, December 24 has been fixed as the record date for this fourth interim dividend. That means, if the company’s board declares dividend in the meeting to be held on December 16, then Vedanta shares will trade ex-dividend on December 24. Let us tell you that investors will not get the benefit of dividend on shares purchased on December 24. To avail the benefit of dividend, investors will have to buy shares by December 23.
Great rise in the company’s shares on Thursday
On Thursday, shares of Vedanta Limited were trading at Rs 519.30 with a rise of Rs 5.20 (1.01%) by 09.56 am. The company’s shares, which closed at Rs 514.10 on Wednesday, opened with gains today at Rs 519.95. During today’s trading, till the time of writing the news, shares of Vedanta had reached from intraday low of Rs 516.05 to intraday high of Rs 523.70. Let us tell you that Vedanta is a giant company in the mining sector whose current market cap is Rs 2,02,694.96 crore.
