2024-12-15 21:09:45 :
Mining major Vedanta Ltd is scheduled to hold a board meeting on Monday. An exchange filing earlier this week showed the company will consider issuing a fourth interim dividend for the financial year 2024-25.
“The Board of Directors of the Company (the “Board”) proposes to consider and approve the fourth interim dividend, if any, for the financial year 2024-25 on Monday, December 16, 2024,” the mining major filed with the BSE on Wednesday, December 11 expressed in the file.
The board of directors is scheduled to meet on December 16.
The company also announced that if the board approves a fourth interim dividend issuance, the issuance date will be Tuesday, December 24.
“Please note that if a dividend is declared, the record date for determining equity shareholders’ entitlement to the said dividend will be Tuesday, December 24, 2024,” Vedanta said in an exchange filing.
Vedanta Stock
Vedanta Ltd shares closed down 0.44% $Prices were at 519.70 after market trade on Friday, compared to $The previous market close was 522. The company’s share price rose sharply after its fourth dividend was issued.
Mint It was previously reported that Vedanta’s share price rose nearly 2% on Thursday, December 12, after the company decided to hold a board meeting to discuss the interim dividend. After the news was announced, the company’s stock price rose 1.8% $523.70 in early trade on BSE.
The company’s shares are up nearly 13% in a month and nearly 107% over the past year.
Vedanta has paid $May 11, $August 4th and $September 20 as interim dividend for the financial year 2024-25.
Anil Aggarwal-led Vedanta Limited has declared dividends 45 times since July 23, 2001, according to data collected by Trendline. Over the past year, the company has declared dividends 45 times. $46 per share, the dividend yield reaches 8.87%.
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