Wednesday that board of directors of the company is going to consider and approve second interim dividend for the financial year 2023-24. The board meeting for consideration and approval of the interim dividend has been fixed on 22nd May 2022. However, the board has declared dividend record date on 30th May 2023.
Vedanta dividend 2023
Vedanta informed Indian bourses about the interim dividend declaration citing, "Pursuant to Regulation 29 of Listing Regulations, Notice is hereby given that the meeting of the Board of Directors of the Company (the “Board") is proposed to be scheduled on Monday, May 22, 2023, to consider and approve the First Interim Dividend on equity shares, if any, for the Financial Year 2023-24."
On Vedanta dividend record date, the multinational mining company of India said, "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 Tuesday, May 30, 2023."
Further, pursuant to the provisions of Securities & Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and Insider Trading Prohibition Code of the Company, the Trading Window shall continue to remain closed for dealing in securities of the Company for all Designated Persons from Thursday, May 18, 2023 till Wednesday, May 24, 2023 (both days inclusive).
Vedanta dividend history
On 30th May 2023, Vedanta shares would trade ex-dividend stock for third time in the year 2023. On 3rd February 2023, Vedanta shares traded ex-dividend for the first time in 2023 for payment of ₹12.50 per share interim dividend to the eligible shareholders. Later on, Vedanta shares once again traded ex-dividend on 6th April 2023 for payment of ₹20.50 per share interim dividend to its eligible shareholders.
Vedanta dividend yield in FY23
As per the information available on the official BSE website — bseindia.com, Vedanta Ltd has declared five interim dividends in the financial year 2022-23. For fifth interim dividend of ₹20.50 per share, Vedanta dividend record date 2023 was fixed on 7th April 2023.
Prior to this, Vedanta traded ex-dividend on four occasions. It traded ex-dividend 6th May 2022 for payment of ₹31.50 per share interim dividend to its shareholders. On 26th July 2022, Vedanta Ltd once again traded ex-dividend for payment of ₹19.50 per share interim dividend to its shareholders.
On 29th November 2022, Vedanta Ltd once again traded ex-dividend for payment of ₹17.50 per share interim dividend. Likewise, on 3rd February 2023, Vedanta Ltd traded ex-dividend stock for payment of 12.50 per share. Now, on 7th April 2023, Vedanta traded ex-dividend stock for payment of ₹ ₹per share.
Therefore, in last one year, dividend declared by Vedanta Ltd is ₹101.50 ( ₹31.50 + ₹19.50 + ₹17.50 + ₹12.50 + ₹20.50) per share. One year ago, Vedanta share price was around ₹400 per share. So, Vedanta dividend yield in last one year is around 25 per cent [(101.50/4000 x 100].
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Vedanta Indian stock market
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