BAJAJ BROKING
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.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Standard Deviation: Meaning, How To Use and Calculate
14 Dec, 2024 | 5 Min. read
Business Forecasting: Definition, Methods, and Models
14 Dec, 2024 | 8 Min. read
Modern Portfolio Theory (MPT): Definition, Types & How To Use
14 Dec, 2024 | 8 Min. read
ASM & GSM Meaning - List of ASM & GSM Stocks
14 Dec, 2024 | 7 Min. read
Bollinger Bands: Meaning, How To Interpret and Use
14 Dec, 2024 | 7 Min. read
Hedging: Meaning, Types, Risks and Strategie
14 Dec, 2024 | 6 Min. read
Nifty Healthcare Index
14 Dec, 2024 | 1 Min. read
What Is Nifty BeES? A Guide to Its Benefits and Working
14 Dec, 2024 | 6 Min. read
Moving Averages Indicator: Variations & Examples
13 Dec, 2024 | 4 Min. read
Learn Everything About Breakout Trading
13 Dec, 2024 | 8 Min. read
Gold Price in India | Gold Drops 1% After Reaching Five-Week High
13 Dec, 2024 | 39 Min. read
Statement of Account and Demat Account: Meaning & Differences
13 Dec, 2024 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading