Vedanta shares drop 3%, stock trades ex-dividend today; check key details

On December 16, Vedanta announced that its board had approved the fourth interim dividend of ₹8.5 per equity share for the financial year 2024-25, amounting to approximately ₹3,324 crore.

"...the Board of Directors of Vedanta Limited..., at its meeting held today, i.e., Monday, December 16, 2024, has considered and approved the Fourth Interim Dividend of ₹ 8.5/- per equity share on a face value of ₹ 1/- per equity share for the Financial Year 2024-25, amounting to ₹ 3,324 crore," the company informed in a stock exchange filing.

In September, Anil Agarwal-led mining major approved a third dividend of ₹20 per share for the current financial year.

On July 26, the board approved a second interim dividend of ₹4 per equity share, amounting to ₹1,564 crore. In May, a first interim dividend of ₹11 per equity share, totalling ₹4,089 crore was approved.

After the fourth interim dividend, the total payout for the fiscal year 2024-25 stands at ₹16,798 crore.

During 2023-24, Vedanta had declared a total interim dividend of ₹29.5 per share, amounting to ₹10,966 crore for shareholders.

Vedanta reported a consolidated net profit of ₹4,352 crore for the September 2024 quarter (Q2 FY25).

It had posted a consolidated net loss of ₹1,783 crore in the year-ago period.

Its consolidated income declined to ₹38,934 crore in the July-September quarter against ₹39,585 crore a year ago, according to a regulatory filing.

Vedanta share price trend

Shares of the company have rallied 78% year-to-date (YTD). In the past one month, the stock price has risen over 3%.

Earlier this month, Vedanta Group announced that it would invest ₹1 lakh crore in Rajasthan over the next 2-3 years to enhance the production capacity of its companies in the state, which will create an additional 1 lakh jobs.

Vedanta Group Chairman Anil Agarwal, in an interview with PTI, also said that the group firm Hindustan Zinc is producing 1 million tonnes of zinc at present, which the company plans to double to 2 million tonnes.