Billionaire Anil Agarwal-led Vedanta Ltd declared an interim dividend of Rs 17.5 per share on Tuesday, 22 November. The mining sector giant will spend a total of Rs 6,505 crore. This is the third interim dividend announced by Vedanta in the current financial year 2023. Vedanta said in the information sent to the stock markets that the company's board of directors in its meeting held on Tuesday, November 22, has approved an interim dividend of 1750% on each share with a face value of Re 1.

Vedanta said, "We wish to inform you that the Board of Directors has approved an interim dividend of Rs 17.50 per equity share of face value of Re 1 each for the financial year 2023 or 1750%, pursuant to a resolution passed on Tuesday, November 22." 6,505 crore which will come to a total of Rs.

Record date and ex-date for dividend

Vedanta has fixed November 30 as the record date for the dividend. This means that Vedanta shares will start trading as ex-dividend from 29 November 2022.

Before this, how many times Vedanta gave interim dividend

Vedanta had earlier approved an interim dividend of Rs 31.5 per share on April 29, its first interim dividend for the current financial year. The company had then distributed around Rs 11,710 crore as dividend. After this, it had declared a second interim dividend of Rs 19.5 on July 20 and gave a total of Rs 7,250 crore as dividend.

Vedanta gave 4500% dividend in FY22

Whereas in FY2022, the company had given a total dividend of Rs 45 per share (4500%). As per the current market price of the company, its dividend yield works out to 14.52%.

Vedanta shares rose 10% in a month

Meanwhile, shares of Vedanta today closed at Rs 310.40, up 0.81% on the NSE. In the last one month, the shares of the company have gained about 10.17%. However, its shares have declined by about 12.46 per cent in the last one year.

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