In the stock market, companies can only make investors rich through dividends. The company has paid dividends 35 times to date. Not only that, but its shares have delivered good returns over the long term. The company earned profits worth hundreds of thousands of rupees for investors through dividends and returns. This is a giant company in the field of metals and mining named “Vedanta”. Its operations expanded from India to Australia and Zambia.
Vedanta Limited made a major announcement after the close on Wednesday. The company said in an exchange filing that it could pay its fourth dividend. The company will hold a board meeting in the near future to discuss the matter. According to information provided to the exchange, the company’s board of directors meeting is likely to be held on Tuesday, October 8, 2024. At this meeting, it was decided to pay the fourth interim dividend for the 2024-25 fiscal year.
The date of recording may be October 16
The company also said in the filing that if a dividend decision is taken, the record date for Vedanta equity shareholders could be fixed as Wednesday, October 16, 2024. It was further learned that in accordance with the provisions of the company’s “Insider Trading Prohibition Rules”, from Thursday, September 26, 2024 to September 30, 2024, the company’s securities trading windows for all designated persons will remain closed.
Dividends have been paid 35 times to date
To date, the company has declared dividends to investors 35 times. The company has continued to pay dividends to investors since 2007. Earlier, the company had declared a dividend of Rs 20 cr and set the record date as September 10. On August 2, 2024, the company declared a dividend of Rs 4 and on May 24, 2024, the company announced a dividend of Rs 11. This dividend will be the fourth dividend this year.
Share the wealth!
Vedanta stock has also given good returns in the long run. Within a year, the stock price rose from Rs 224 to Rs 479, with a return of 113.43% during the period. This means investors’ money doubled in one year. The stock has returned 86.37% from January to date, while the stock has returned 78.46% in six months. On Wednesday, the stock closed at Rs 479.25, up 1.92%.
(Note – Always seek help from a financial advisor before investing in any stock.)
