Dividend Stock: Vedanta Ltd (NSE: VEDL) announced its Third interim dividend at 20 rupees on 2 September.
Despite this, Vedanta Ltd’s share opened at Rs 439.80 today and was trading around Rs 441 on NSE.
The Board of Directors of Vedanta Ltd, at its meeting on September 2, 2024, voted to approve an interim third dividend amounting to 20 rupees per equity share based on an amount of Rs. 1 (per equity share) for the period 2024-25 of the financial year.
This amount is ₹ 7,821 crore. The record date of the dividend is Tuesday, September 10, 2024.
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Vedanta Share Price History
Vedanta Ltd’s share has given a return of more than 196.25 % in the last 5 years. Whereas, it has given a return of more than 85.61% in the last one year.
If we talk about the performance of Vedanta Ltd share this year, so far it has registered a jump of more than 71 percent.
In the past year, the company has provided the company with a profit more than 60 %. Its 52-week high is Rs 506.75 and its low is Rs 208.
Dividend Of ₹ 35 Per Share This Year
Vedanta Ltd had earlier paid an amount of ₹ 1,564 crore as a dividend on the face value of ₹ 1/- per equity share for the financial year 2024-25 in July 2024.
Its shareholders received an interim dividend at the rate of ₹ 4/- per equity share. In the past, the company given an interim dividend amounting to 11 rupees.
It was recorded as the record date for the first dividend on Saturday, May 25, 2024. The official record for the next interim dividend occurred on Saturday 3 August 2024.
Overall, Vedanta Ltd has been paying a dividend of ₹35 per share during the current financial year from May.
Credit Rating Upgraded From AA- to AA
Vedanta Ltd remains in focus in the context of the planned demergeration of oil and gas, aluminum power, steel and ferrous metals, and base metals into separate companies.
The zinc business and the newly developed businesses will likely continue as part of Vedanta Ltd. Recently, Vedanta Ltd has been upgraded from AA-credit rating to AA by the rating agency ICRA Ltd.
The rating agency said the rating upgrade reflects improved credit metrics, financial flexibility, and a calibrated outlook toward capital investments.
As per ICRA, Vedanta Ltd has reserves of around 22,000 crore rupees. It is funded by dividends, cash reserves, and stake sales through its subsidiary.
Quick Fact
| Company name | Vedanta |
|---|---|
| Recent Dividend | ₹ 20 per share |
| Dividend Announcement Date | 2 September 2024 |
| Record Date of Dividend | 10 September 2024 |
| Total Dividend Amount (Third Interim) | ₹ 7,821 crore |
| Dividend Amount (July 2024) | ₹ 1,564 crore |
| Previous Dividend Rates | ₹ 4 and ₹ 11 per share |
| Total Dividend (2024-25) | ₹ 35 per share |
| Share Return (Last 5 Years) | 196.25% |
| Share Return (Last 1 Year) | 85.61% |
| Share Return (Year to Date) | 71% |
| 52-week high | Rs 506.75 |
| 52-week low | Rs 208 |
| Credit Rating Upgrade | AA- to AA |
| Credit Rating Agency | ICRA Ltd |
| Planned Demerger Segments | Oil & Gas, Aluminum Power, Steel & Ferrous Metals, Base Metals |
| Retained Business | Zinc, New Businesses |
| Reserves | ₹ 22,000 crore |
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