Diversified Sector Co Declares Dividend Of Rs 18/Share, Record Date Soon

World's leading diversified natural resources companies, Vedanta Ltd declared its first interim dividend of Rs 18 per share on Monday. Vedanta shares witnessed a jump of 1.90% on BSE as of May 22, 2023. The company fixed May 30, 2023 as the record date for the dividend. Large cap Vedanta stock gave return of 222% in last 3-years. Check details below:

Vedanta Ltd Declares Dividend: According to the BSE filing of the company, "In continuation to our Letter No. VEDL/Sec./SE/23-24/30 dated May 17, 2023 and pursuant to Regulation 30 of Listing Regulations, we wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Monday, May 22, 2023 have approved First Interim Dividend of Rs 18.50 per equity share i.e. 1850% on face value of Re. 1/- per share for the Financial Year 2023-24 amounting to c. Rs 6,877 Crores."

The record date for the purpose of payment of dividend is Tuesday, May 30, 2023. The interim dividend will be paid within stipulated timelines as prescribed under law.

Vedanta Ltd Stock Performance & Return: The last trading price of Vedanta Ltd is Rs 287.35 apiece with intraday rally of 1.90%. Vedanta share's 52-week high price is Rs 340.75 apiece and 52-week low price is Rs 206.10 per share, respectively. The company's market capitalisation is Rs 1,06,813.65 crore. Vedanta stock witnessed a decline of 7% in last 6-months, over 8% in last 1-year, gave return of 5% in last 2-years, 222% return in last 3-years, and 6% in last 5-years.

Vedanta Ltd About: It is a uniquely diversified company across the natural resources spectrum with interests in Oil & Gas, Zinc-Lead-Silver, Aluminium, Iron Ore, Steel, Copper, Ferro Alloys, Power and Nickel. Over the years, Vedanta has positioned itself as a leading natural resources conglomerate, focusing on large scale expansion of its portfolio in India with operational excellence benchmarked to global standards. It has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner, according to its official website.