Large Cap Stock With 330% Return In 3 Yrs Approves 2050% Interim Dividend, Check Record Date

Vedanta Ltd., a metal & mining company, today, on 28 March 2023, in its Board Meeting approved the 5th Interim Dividend of Rs 20.50 per share i.e., 2050% for the financial year 2023-23. Vedanta is a large-cap company having a market capitalisation of Rs 1,01,944 crore.

Approved 5th Interim Dividend For FY 2022-23

Vedanta Ltd. in its exchange filing has said, "Approved the Fifth Interim Dividend of ₹ 20.50 per equity share i.e., 2050% on face value of ₹ 1/‐ per share for the financial year 2022‐23 amounting to c. ₹7,621 crores. The record date for the purpose of payment of dividend is Friday, April 07, 2023. The interim dividend will be paid within the stipulated timelines as prescribed under law."

Vedanta Ltd's Stock Overview

The shares of Vedanta on NSE last traded at Rs 274.25 apiece, up 0.55% as compared to its previous close. The stock recorded its 52 week high on 11 April 2022 at Rs 440.75 apiece and 52 week low on 01 July 2022 at Rs 206 apiece, respectively.

It declined 3.33% in the last 1 week and gained 2.2% in the last 1 month. It declined 10.05% in the last 3 months and 33.66% in the last 1 year, respectively. It has given strong 330.2% positive return in the last 3 years. In the past 5 years, it has given 1.3% negative return.

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