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Vedanta Shares Dip 4.40% as They Announced Third Interim Dividend

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Synopsis:

Vedanta shares dip as it trades ex-dividend on 10th September, announcing a ₹20 per share dividend. Total dividends for FY25 stand at ₹35 amid demerger plans and strategic changes.

Vedanta shares opened lower at ₹439.80 on Tuesday 10Th September as the stock traded ex-dividend. This marks a significant day for shareholders, with Vedanta’s third interim dividend of ₹20 per share now in focus. The record date for dividend payment stands on September 10, 2024. As of 3:10 PM, Vedanta’s share price is ₹441.90 after a dip of 4.40% on the NSE, down from the previous close of ₹440.

The Vedanta Board of Directors approved the third interim dividend for FY 2024-25, amounting to ₹7,821 crores. This dividend is part of the company’s strategy to reward shareholders as it undergoes significant changes, including a planned demerger of its aluminium, oil and gas, power, steel, and base metals businesses into independent entities.

This is not the first dividend announcement from Vedanta this fiscal year. Earlier in July 2024, the company declared an interim dividend of ₹4 per share, amounting to ₹1,564 crores. This followed an initial dividend of ₹11 per share announced in May 2024. In total, Vedanta has declared ₹35 per share in dividends for FY 2024-25 so far.

As Vedanta moves forward with its demerger plans, investor focus remains on the future of its business and the impact on its share price.

The company continues to attract attention from analysts and investors alike as it navigates these transitions.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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