Vedanta Dividend: Vedanta Issues New Update Yet Again, Shares In Red

Board of Directors of Vedanta Limited today cancelled the dividend announcement meeting yet again, according to the BSE filing. Last trading price of Vedanta Limited shares on BSE today stood at Rs 496.45 per share with marginal fall of 0.17% in trade today. The Anil-Aggarwal-owned company was supposed to declare the 4th interim dividend on October 8 as well. but issued a press release on BSE post market hours informing the re-scheduling of Board's meet for dividend announcement to October 9. The company cited unforeseen circumstances as the reason for rescheduling the Board's meet. Vedanta Limited shares offered stellar returns in last few months. Vedanta shares offered attractive return of 93% so far in 2024 and zoomed 127% in last 1-year span. The company's market cap stood at Rs 1,94,131.22 crore. Check key details below:

Vedanta Issues Update On 4th Interim Dividend: As per the exchange filing of Vedanta dated October 9, "Further to our Letters VEDL/Sec./SE/24-25/167 dated September 25, 2024 and VEDL/Sec./SE/24-.25/177 dated October 08, 2024, we wish to inform that due to unforeseen circumstances we withdraw the Notice of Board Meeting proposed to be held on October 9, 2024 and accordingly the Board meeting hereby stands cancelled."

Vedanta Sets Record Date For 4th Interim Dividend: As per the exchange filing "the meeting of the Board of Directors of the Company (the "Board") is proposed to be scheduled on Tuesday, October 08, 2024, to consider and approve the Fourth 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 Wednesday, October 16, 2024."

Vedanta Shares Performance: The 52-week high price of Vedanta Limited shares on BSE stood at Rs 523.60 per share (as on 30/09/2024) and 52-week low price is Rs 211.25 per share (as on 26/10/2023), respectively. Vedanta Limited shares offered return of 47% in last 6-months, gained 70% in last 2-years, and surged 240% in last 5-years.

Vedanta Previous Dividend In 2024: Vedanta Limited on September 2, 2024 announced 3rd interim dividend of Rs 20/- per equity share on the face value of Re 1/- per equity share for the financial year 2024-25 amounting to Rs 7821 crores. Vedanta fixed September 10, 2024 as the record date for third interim dividend.

How To Be Eligible For Vedanta 4th Interim Dividend? Record date holds significance in announcing eligibility of shareholders for dividend and bonus share. Shareholders whose name appear in company's shareholders record as on the record date will become eligible to receive dividend income and bonus share. Record date is the specific day on which a company confirms the list of shareholders eligible for its dividend distribution and bonus shares. Vedanta fixed October 16, 2024 as the record date for third interim dividend.

Vedanta Shareholding Pattern: Promoters have decreased holdings from 61.95% to 59.32% in June 2024 quarter. FII/FPI have increased holdings from 8.77% to 10.23% in June 2024 quarter. Number of FII/FPI investors increased from 674 to 787 in June 2024 quarter. Mutual Funds have increased holdings from 3.55% to 5.34% in June 2024 quarter. Number of MF schemes increased from 31 to 32 in June 2024 quarter, according to Trendlyne. Meanwhile, Life Insurance Corporation Of India (LIC) has 7.72% stake in Vedanta with 301,795,347 shares of the company.

Vedanta Bonus Share History: Vedanta recommended 2 bonus issues since February 16, 2005. The last bonus issue that Vedanta declared was in the ratio of 1:1 with ex-date fixed as August 8, 2008.

Vedanta Stock Split History: Vedanta split the face value of its share once since August 8, 2008. Vedanta last split the face value of its shares from Rs 10 to Re 1 in 2008. Vedanta share traded ex-split as on August 8, 2008.