Vedanta to discuss dividend on March 28; record date April 7
Vedanta dividend 2023 record date: Vedanta share price is in focus on Friday as the board of billionaire Anil Agarwal-led mining major is set to consider an interim dividend for FY23 on March 28.
Vedanta dividend 2023 record date: Vedanta share price is in focus on Friday as the board of billionaire Anil Agarwal-led mining major is set to consider an interim dividend for FY23 on March 28. Vedanta's track record of paying dividend to its shareholders is well-known and if approved, this will be the fifth interim dividend of the current fiscal.
In an exchange filing on bseindia.com, Vedanta said, "the meeting of the Board of Directors of the Company (the 'Board') is proposed to be scheduled on Tuesday, March 28, 2023, to consider and approve the Fifth Interim Dividend on equity shares, if any, for the Financial Year 2022-23."
Vedanta dividend 2023 record date
The record date for Vedanta's fifth interim dividend will be April 7.
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Vedanta statement added 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 Friday, April 7, 2023."
Vedanta investors whose names appear in the registrar of the company by end of business hours on April 7 will be eligible for the 5th interim dividend payout.
Vedanta dividend history
Vedanta stock price movement
Vedanta stock price settled at Rs 271.35 on Thursday, falling almost 5 percent amid media reports that promoter Agarwal was considering various options, including selling a minority stake in the company, to cut debt. Agarwal has denied any such intention. Vedanta Resources repaid $250 million in loans that the firm took from Barclays Bank and Standard Chartered Bank.
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