2024-09-25 20:18:06 :
Metal mining group Vedanta Ltd will consider declaring its fourth interim dividend for FY2025. The company informed the stock exchange on Wednesday that its board of directors will meet on October 8, 2024 to decide on an interim dividend for shareholders.
The record date for the shareholder interim dividend announcement is October 16, 2024.
“This is to inform that a meeting of the Company’s Board of Directors (“Board”) is proposed to be held on Tuesday, October 8, 2024, to consider and approve the fourth interim dividend (if any) for the financial year 2024-25,” the company said in a statement .
On Wednesday, shares of Vedanta Ltd. closed at $479.60, an increase of 1.99% or $It is trading at $9.35 per share on the Bombay Stock Exchange (BSE).
Past interim dividend declarations
On September 2, Vedanta’s board of directors agreed to pay an interim dividend to shareholders for the third time in fiscal year 2025.
Company announces interim dividend $Par value 20 per share $Vedanta informed the stock exchanges that the earnings per share for FY25 will be 1 share.
Total dividends declared $7,821 crore, it added.
Anil Agarwal-led Vedanta issued its first interim dividend for FY25 in May at a dividend per share of $11 shares per share. Second interim dividend announced in July $4 per share.
Mining company announces equity dividend $$101.4 per share in fiscal 2023, $Earnings per share in fiscal 2024 will be $29.5. This signals a high dividend yield for investors and its parent company, Vedanta Resources. Vedanta Resources owns over 56% of the company.
The mining giant reported net profit of $As previously reported by Mint, revenue in the April-June quarter of fiscal 2025 was Rs 5,095 crore, up 54% from the same period last year.
The company’s revenue rose to $Net debt stood at Rs 35,239 crore in the April-June quarter of FY25, up 6% while net debt increased to $61,324 Crores.
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