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. Image: Reuters

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.

ALSO READ: Anil Singhvi shares his top wealth creation picks, expects two of them to double!

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.

Also read- Top dividend stock: Six companies that have rewarded investors with 162.5-1,300% dividend recently

Vedanta dividend history

(Vedanta has paid out interim dividend 4 times in the current fiscal. The first dividend was paid in the month of May 2022, of Rs 31.5 i.e., 3,130% dividend; the second dividend was paid on July 26, 2022, of Rs 19.5 i.e., 1,950% dividend; the third dividend was paid on November 29, 2022, of Rs 17.5 i.e., 1,750% dividend; the fourth dividend was paid on February 3, 2023, of Rs 12.5 i.e., 1,250% dividend.)

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.

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.