Yield 7.12%: Vedanta To Consider Dividend, Fundraising, Shares Zoom 61% YTD; How To Be Eligible?

Leading company from diversified metals industry Vedanta Limited informed today about its upcoming meeting of Board of Directors scheduled to be held on May 16, 2024 to consider first interim dividend for financial year 2024-25. The company fixed May 25 as the record date to determine eligibility of shareholders for dividend. It will also take up fund raising proposal in the same meeting.

Last trading price of Vedanta Limited share on BSE is Rs 413.95 per share with intraday gain of 0.78%. Vedanta Limited shares offered attractive return of 61% year-to-date. The company has a market capitalisation of Rs 1,53,873.35 crore. More details below:

Vedanta Limited To Consider Dividend, Fundraising: As per the BSE filing of the company issued today after market hours, "Pursuant to Regulation 29 of Listing Regulations, Notice is hereby given that the meeting of the Board of Directors of the Company (the "Board") is proposed to be scheduled on Thursday, May 16, 2024, inter alia to consider and approve the following:

1. First Interim Dividend on equity shares, if any, for the Financial Year 2024-25. Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Saturday, May 25, 2024.

2. Raising of funds by issue of equity shares or any other securities convertible into equity shares or a combination of such securities by way of further public offer, rights issue, American Depository Receipts/Global Depository Receipts/Foreign Currency Convertible Bonds, qualified institutions placement, preferential issue or any other method as may be permitted under applicable laws, subject to such regulatory/statutory approvals, including approval of the notice for the general meeting for obtaining the shareholders' approval in this regard, as may be required."

How To Be Eligible For Vedanta Ltd Dividend? Record date remains crucial role in determining eligibility of shareholders for receiving dividend. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend announced by the company. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. Vedanta Ltd fixed May 25 as the record date for first interim dividend.

Vedanta Limited Share Performance: The 52-week high price of Vedanta Limited share on BSE is Rs 420.00 apiece (as on 03/05/2024) and 52-week low price is Rs 207.85 per share (as on 28/09/2023). Vedanta shares offered return of 71% in last 6-months, rallied 50% in last 1-year, and gained 168% in last 5-years.

Vedanta Dividend History: Vedanta Ltd. announced 41 dividends since July 23, 2001. In the past 12 months, Vedanta Ltd. announced an equity dividend amounting to Rs 29.50 per share. At the current share price of Rs 414.0500, Vedanta Ltd. offers an eye-catching dividend yield of 7.12%..

Vedanta About: Vedanta Limited is one of the world's foremost natural resources conglomerates, with primary interests in aluminium, zinc-lead-silver, oil and gas, iron ore, steel, copper, power, ferro alloys, nickel, semiconductor and glass. With world-class strategic assets based across India, South Africa, Namibia and Liberia, it is rightly positioned to create long-term value with superior cash flows. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner. The organisation has pledged $5 billion over the next 10 years to accelerate the transition to net-zero operations, according to its official website.