1,100% Dividend: Vedanta Dividend 2024 Record Date Today; Check Details Here

Vedanta shares will remain on investors' radar on Wednesday as the stock will trade ex-dividend today. At 9:26 am IST today, Vedanta shares were spotted trading 1.10% higher at Rs 253.45 per share. The share price of Vedanta Ltd last closed 0.88% higher at Rs 252.90 per share.

The Mumbai-headquartered company on December 18, 2023, approved the Second Interim Dividend of Rs 11/- per equity share i.e. 1100% on the face value of Rs 1/- per equity share for the Financial Year 2023-24 amounting to Rs 4,089 crore. The mining major had fixed December 27, 2023, as the record date for the purpose of payment of the said dividend.

Vedanta dividend history

According to Trendlyne data, in the past 12 months, the natural resources company has declared equity dividends amounting to Rs 51.5 per share.=

Vedanta Ltd. has declared 41 dividends since July 23, 2001.

At today's intraday price of Rs 261.70, this results in a dividend yield of 19.68%.

Vedanta Second quarter results:

For the second quarter of the financial year, the company's revenue from operations rose 6.37% at Rs 38,546 crore. During this period, the Anil Agarwal company's EBITDA stood at Rs 11,080 crore, up 52.2% compared to Rs 7,282 crore in the year-ago period.

Vedanta Limited Share Price Performance:

In the last six months, Vedanta shares have fallen 9.47%, and the stock's year-to-date (YTD) performance is down 19.96%. In the last one year the share price of Vedanta has fallen 17.76% and it has fallen 25.65% in the last two years. Vedanta stock price has gained 21.08% in the last three months.

Latest update:

In an exchange filing on December 23, Vedanta informed that its subsidiary, Bharat Aluminium Company Limited (BALCO), received a Goods and Services Tax (GST) demand notice worth Rs 84,70,09,977 for FY 2017-18 on account of various interpretational issues. As per the filing, BALCO is in the process of evaluating the next course of action to be adopted in this matter. Meanwhile, Vedanta and BALCO do not expect the said Order to have any material financial impact.