Vedanta Ltd Stock Jumps 3% Ahead Of 3rd Interim Dividend Of 1100%; Check Record Date, BUY For Rs 835 Target

Vedanta's share price climbed nearly 3% on March 24 after the announcement of an interim dividend of Rs 11 per share for FY26. Vedanta will turn ex-date sooner than expected and the company will determine eligible shareholders by the end of this week's trading session. Vedanta is one of the highest dividend-paying stocks and also has a strong dividend yield. It has a long history of rewarding investors with dividend payouts.

Vedanta Ltd Share Price:

At the time of writing, Vedanta stock traded at Rs 650 apiece on BSE, up by 0.7% with market cap of Rs 2,54,175.22 crore. In the opening bell, Vedanta zoomed by nearly 2.75% to hit an intraday high of Rs 663.50 apiece.

Vedanta Ltd Third Interim Dividend:

After a board meeting on March 23rd, Vedanta fixed the third interim dividend of Rs 11 per share with a face value of Re 1 each for FY26, amounting to Rs 4,300 crore.

The upcoming dividend will take Vedanta's total payout to Rs 34 per share for FY26. Earlier, Vedanta rewarded second interim dividend of Rs 16 per share with ex-date on August 27, 2025, after first interim dividend payout of Rs 7 per share whose ex-date stood on June 24, 2025.

Vedanta's current dividend yield is at 3.56% which is one of the highest on exchanges.

What Are Dividends?

Dividends are payments companies make to shareholders from their profits. You receive cash directly into your bank account while still owning the stock, as per Zerodha's explainer.

It further explained that companies pay dividends when they generate more cash than needed for business operations and growth. Instead of holding excess cash, they distribute it to shareholders.

How To Be Eligible For Dividends?

According to Zerodha's general explainer on website, key dividend dates are important to be eligible. These include:

Record date: When the company checks its shareholder records to see who's eligible to receive the dividend.

Ex-dividend date: Usually falls on the same day or one trading day before the record date. If you buy the stock on or after this date, you won't receive the upcoming dividend. On this date, the stock price drops by the dividend amount. You're not losing value. Part of your investment has been paid out to you in cash.

Payment date: When you receive the dividend. It may take a few days or weeks after the record date.

Vedanta Interim Dividend Record Date:

For the upcoming dividend, Vedanta will determine the eligibility of investors on the record date of Saturday, March 28, 2026.

Since March 28 is a Saturday which is a weekend holiday for market, Vedanta will turn ex-date on March 27th. Hence, Vedanta shares should be in your portfolio before March 27th ends. If an investor buys VEDANTA shares after March 28, they will not be eligible for the reward.

BUY Vedanta Share Price?

Global brokerage CLSA is among the latest to recommend on Vedanta shares. The broker has maintained its 'Accumulate' stance on Vedanta with Rs 835 as the target price. CLSA stated that they are evaluation Vedanta based on implied valuations of its businesses as the Group moves closer to demerger into five separate listed entities.

CLSA values the standalone business namely of zinc and base metals at Rs 379 per share. These two businesses are expected to be listed immediately as the demerger comes into effect. Further, CLSA sets target of Rs 425 per share on aluminium business, which will make its market debut later along with others.

Vedanta Stock Split:

However, there was no development revealed related to Vedanta's demerger in the ratio of 1:5. Vedanta has received all the necessary approvals of authorities and is in the execution phase of a transformational demerger, leading to five separate listed companies.

According to Vedanta, each entity will have a clear strategic mandate, focused leadership teams, and dedicated capital structures. Also, this transition is expected to strengthen Vedanta's ability to grow as focused businesses while creating long-term value aligned with rapidly growing global and Indian demand.

Vedanta Will Be SPLIT into:

Vedanta Aluminium

Vedanta Oil & Gas

Vedanta Power

Vedanta Iron & Steel

Vedanta Ltd.

Notably, Vedanta Ltd will continue to be the parent company of Hindustan Zinc.

What will shareholders get? Post the demerger, for every share held in Vedanta Limited, shareholders will additionally receive one share each of the 4 newly demerged entities.

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