Vedanta dividend

The dividend will amount to Rs 7621 crore. The board has approved the fifth interim dividend of Rs 20.50 per equity share i.e., 2050% on the face value of ...

For the recent December quarter, Vedanta reported a profit of Rs 3,092 crore, and its EBITDA stood at Rs 7,100 crore with a margin of 24%. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The company has already set April 7 as the record date for the same. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment. Onshore plans that invest in overseas markets are treated as debt funds locally for taxation purposes. The stock is down about 12.84% so far this year. The dividend will amount to Rs 7,621 crore. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) The Anil Agarwal-led company has paid a total equity dividend of Rs 81 per share in the last 12 months, resulting in a dividend yield of nearly 30%. "The board has approved the fifth interim dividend of Rs 20.50 per equity share i.e., 2050% on the face value of Re 1 per share for the financial year 2022‐23, amounting to Rs 7,621 crore," the company said in a filing. [Vedanta](/topic/vedanta)has declared a fifth interim dividend of Rs 20.50 per equity share for the current financial year 2022-23.

The dividend consideration comes amid concerns around the ability of Vedanta Resources, the parent of Vedanta, to meet debt maturities in the coming ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). [Hindustan Zinc](/hindustan-zinc-ltd/stocks/companyid-11982.cms)(HZL), in which Vedanta is a majority shareholder, has announced 1,300% fourth interim dividend amounting to nearly Rs 11,000 crore. [Vedanta](/vedanta-ltd/stocks/companyid-13111.cms)will meet on Tuesday to consider and approve the fifth interim dividend for the current financial year 2022-23. During FY22, Vedanta delivered an EBITDA of $6.1 billion and free cash flow (pre-capex) of $3.6 billion. For the December quarter, Vedanta reported a 42% year-on-year decline in its consolidated net profit at Rs 3,092 crore. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).)

Vedanta Dividend 2023 Amount, Record Date: Vedanta has announced to pay a whopping 2050 per cent interim dividend to its shareholders.

[Mumbai](/topic/mumbai)headquartered company has also fixed the record date for determining the eligibility of shareholders for the payment of interim dividend. [Vedanta Limited](/topic/vedanta-limited)'s board has approved the fifth interim dividend for its shareholders for the current fiscal. This would be the fifth interim dividend of the current fiscal.

India Business News: NEW DELHI: Vedanta Ltd on Tuesday said its board has approved an interim dividend of Rs 7621 crore for the current financial year.

on face value of Rs 1/per share for the financial year 2022-23 amounting to Rs 7,621 crore," according to a regulatory filing. "The Board of Directors at a meeting held on Tuesday, March 28, 2023 approved the fifth interim dividend of Rs 20.50 per equity share... Ltd on Tuesday said its board has approved an interim dividend of Rs 7,621 crore for the current financial year.

In the present financial year, the mining giant has already announced four equity dividends of Rs 19.50 and Rs 31.50, 12.50, and Rs 17.50.

The company’s second interim cash dividend of Rs 19.50 per share was issued in July. VEDANTA shares were in the spotlight today as the top management of the mining company is slated to consider and approve the fifth interim dividend payout for FY23 on Tuesday (March 28). For the December quarter, Vedanta posted a 42% year-on-year (YoY) fall in its consolidated net profit at Rs 3,092 crore.

The Vedanta board on March 28 announced the payment of the fifth interim dividend for this year. The board of billionaire Anil Agarwal-led Vedanta Ltd, ...

Also read: Vedanta: Higher dividend payout likely to continue in the short term "The board of directors of the company is proposed to be scheduled on March 28 to consider and approve the fifth interim dividend on equity shares, if any, for the Financial Year 2022-23," Vedanta had said in a regulatory filing. It said in an exchange filing that the Board has approved the fifth interim dividend of Rs 20.50 per equity share, which is 2050 percent on the face value of Rs 1 per share for the financial year 2022‐23 amounting to Rs 7,621 crore. The board of billionaire Anil Agarwal-led Vedanta Ltd, after holding a meeting earlier in the evening, said the company will pay Rs 20.50 per equity share dividend, amounting to a total of Rs 7,621 crore.

Billionaire Anil Agarwal-led Vedanta has announced the fifth interim dividend of ₹20.50 per share after the board approved the proposal in a meeting held ...

However, the government which holds 30 per cent stake in Hindustan Zinc had [opposed the move](https://www.thehindubusinessline.com/companies/centre-opposes-hindustan-zincs-plan-to-buyout-vedantas-overseas-zinc-mines/article66478723.ece). The dividend payout will lead to a cash outgo of ₹7,621 crore. The record date for the purpose of payment of dividend has been fixed as April 7. It led to outflow of ₹4,647 crore. Promoters, who hold 69.69 per cent stake in Vedanta, will get about ₹26,400 crore. The first interim dividend of ₹31.50 a share was paid at the start of the fiscal in April.

Acting CFO and key managerial personnel Ajay Goel has resigned, effective from April 9, to pursue a career outside of the group.

On July 19, 2022, an interim dividend of Rs 7,250 crore was announced. It also has an estimated $1.1 billion in term debt, $450 million of an inter-company loan and an estimated interest bill of at least $600 million, according to the Moody’s report. The record date for the fifth interim dividend is April 7.

Vedanta share price: Mining giant Vedanta's shares will be in focus in the Indian share market on Wednesday, a day after the company announced a mega ...

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Vedanta dividend: Ex-date for dividend is set at April 6; the record date for determining eligible shareholders is April 7 and the actual dividend will be ...

Vedanta's first interim dividend for FY23 came in April 2022 when it announced a payout of Rs 31.50 per share, amounting to Rs 11,710 crore. The dividend announced by the world's second-largest integrated zinc producer and sixth-largest silver producer globally will help Vedanta earn Rs 7,132 crore in dividend payout on 2,74,31,54,310 shares it held in the company as of December-end. It announced its third interim dividend of Rs 17.50 per share in November, amounting to Rs 6,505 crore. Its second interim dividend came in July 2022 when the mining giant announced a dividend of Rs 19.50 per share, amounting to Rs 7,250 crore. The Anil Agarwal-led company announced a dividend of Rs 26 per share, amounting to Rs 10,986 crore. RECOMMENDED [Adani Group stocks in FY23: All are down, except one; meet the lone ranger](https://www.businesstoday.in/markets/company-stock/story/adani-group-stocks-in-fy23-all-are-down-expect-one-meet-the-lone-ranger-374715-2023-03-24?utm_source=recengine&utm_medium=web&referral=yes&utm_content=footerstrip-8&t_source=recengine&t_medium=web&t_content=footerstrip-8&t_psl=False) [Vedanta: Dividends that Anil Agarwal firm announced in FY23 so far; dividend history & more](https://www.businesstoday.in/markets/company-stock/story/vedanta-dividends-that-anil-agarwal-firm-announced-in-fy23-so-far-dividend-history-more-375059-2023-03-28?utm_source=recengine&utm_medium=web&referral=yes&utm_content=footerstrip-2&t_source=recengine&t_medium=web&t_content=footerstrip-2&t_psl=False) Excluding the just announced dividend, Vedanta's dividend yield stands at 29.15 per cent. The ex-date for the same is set at April 6; the record date for determining eligible shareholders is April 7 and the actual dividend will be paid to eligible shareholders on April 27. [Porinju Veliyath picks up stake in this smallcap hospital chain, stock jumps 11%](https://www.businesstoday.in/markets/company-stock/story/porinju-veliyath-picks-up-stake-in-this-smallcap-hospital-chain-stock-jumps-11-375245-2023-03-29?utm_source=recengine&utm_medium=web&referral=yes&utm_content=footerstrip-1&t_source=recengine&t_medium=web&t_content=footerstrip-1&t_psl=False) [Jindal Stainless shares gain after three sessions; here’s why](https://www.businesstoday.in/markets/company-stock/story/jindal-stainless-shares-gain-after-three-sessions-heres-why-375230-2023-03-29)