Vedanta Limited an exploring, extracting and processing company of minerals and oil & gas has announced On Monday 2nd of September 2024, about his 3rd interim dividend of ₹20 per share. While the Vedanta Limited is always known for giving high dividend payouts to the investors.
Vedanta Dividend
Vedanta Dividend announced in their board meeting of 2nd of September on Monday, approving ₹20 per share dividend on the face value of ₹1 per equity share amounting a total of ₹7,821 crore will going to be distributed in the form dividend to the shareholders.
Record Date for the Vedanta Limited Dividend payment will be 10th of September 2024, on Tuesday and the shareholders will receive the dividend in their bank account in the prescribed timeline.
In this financial year from 1st of April 2024, Vedanta has already given interim dividends twice, first is on 24 of May 2024 of ₹11 per share while the second dividend was paid on 2nd of August 2024 of ₹4 per share.
While if take a look on dividends given by Vedanta Limited in previous financial year FY2023-24, the company has provided a total of ₹50 dividend that is more then a 14% dividend yield in a year.
If we talk about the current dividend yield of Vedanta is 6.37% but if we aggregate all the amount including the dividend of ₹20 per share it announced today the current dividend yield will come about 7.55%.
Taking a look at the stock price also, the current stock price of Vedanta Limited as of writing today on 2nd September after closing of the markets is 463.25
In this financial year itself from 1st of April 2024, the stock price of vedanta Limited has shown a great jump of 64.83%
Adding the total return given by the stock through the medium of stock price increase and dividend given is a massive 82% return with in 6 months time period.
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