Vedanta Board to Declare 4th Interim Dividend on December 16: Explore its Dividend History

Shares of Vedanta Ltd declined about 1% on December 13, 2024, as of 02:51 PM. Despite this minor dip, the stock achieved a significant milestone recently, with its market capitalisation crossing the ₹2 lakh crore mark. Additionally, on December 12, 2024, Vedanta hit a fresh 52-week high of ₹526.60, reflecting strong investor interest.

The stock has remained in focus in recent days due to the company’s upcoming board meeting scheduled for December 16, 2024. During this meeting, the board will consider the declaration of the fourth interim dividend for the Financial Year 2024–25.

Upcoming Board Meeting and Record Date 

In an exchange filing, Vedanta announced, “The meeting of the Board of Directors of the Company (the ‘Board’) is proposed to be scheduled on Monday, December 16, 2024, to consider and approve the Fourth Interim Dividend on equity shares, if any, for the Financial Year 2024-25.”

The record date for determining shareholders eligible for the dividend, if declared, has been set as Tuesday, December 24, 2024.

Vedanta’s Dividend History

Vedanta has established itself as a high-dividend-yield stock, consistently rewarding its shareholders.

Dividend Declarations in 2023

1. February 3, 2023: First interim dividend of ₹12.50 per equity share.
2. April 6, 2023: Second interim dividend of ₹20.50 per equity share.
3. May 30, 2023: Third interim dividend of ₹18.50 per equity share.
4. December 7, 2023: Fourth interim dividend of ₹11.00 per equity share, with the record date set for December 27, 2023.

Dividend Declarations in 2024

1. May 24, 2024: Interim dividend of ₹11.00 per equity share.
2. August 2, 2024: Dividend of ₹2.00 per equity share.
3. September 10, 2024: Dividend of ₹20.00 per equity share.

At its current market price (₹514.75), Vedanta’s dividend yield stands at an impressive 8.94%, reflecting its status as a high-yield stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.