Vedanta board to consider 1st dividend payout of 2023-24 today; shares up 1%

Vedanta dividend 2023, Vedanta dividend record date 2023, Vedanta share price NSE: Shares of Vedanta Ltd, NSE: VEDL on Monday opened at Rs 284 on NSE. At 10: 08 AM, the stock quoted Rs 283.8, up by Rs 1.85 or 0.66 per cent on NSE ahead of the scheduled board meeting today, May 22. The board of billionaire Anil Agarwal-led mining major Vedanta is scheduled to meet to consider and approve its first interim dividend for the current fiscal year. The Mumbai-headquartered company has fixed May 30 as the record date.

In an exchange filing on the bourse, Vedanta said, "Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Tuesday, May 30, 2023."

Vedanta dividend history

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Source: NSE

Vedanta share price history

Vedanta's stock has given a negative return of over 8 per cent in the last year (May 22, 2022). In comparison, the headline index Nifty 50 has rallied over 12 per cent.

Vedanta Q4 results

Vedanta's net profit for the March quarter dropped 57 per cent to Rs 3,132 crore on softer commodity prices and impairment in the oil and gas business.