Vedanta shares slip nearly 2%; will the mining major announce 4th interim dividend for FY25? Total payout so far stands at ₹13,474 crore

The company's board will meet today to consider the payment of the fourth interim dividend on equity shares, if any, for the financial year 2024-25.

In September, Anil Agarwal-led mining major approved a third dividend of ₹20 per share for the current financial year, taking the total dividend payout so far for FY25 to ₹13,474 crore.

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.

"The board of directors of Vedanta Ltd at its meeting held on September 2, 2024, has considered and approved the third interim dividend of Rs 20 per equity share on the face value of Re 1 per equity share for the financial year 2024-25, amounting to Rs 7,821 crore," Vedanta said in a filing to BSE.

This takes the total dividend for 2024-25 so far to ₹13,474 crore.

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

The steady flow of dividends and appreciation in capital for investors has helped in generating a five-year total shareholding return and dividend yield of 276% and 65%, respectively (as of June 30, 2024), as per Vedanta's investor presentation.

In the first quarter of the ongoing fiscal year, profit after tax grew 54% year-on-year to ₹5,095 crore.

Vedanta Q2 FY25 Results

However, the company 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 Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading natural resources companies, spanning across India, South Africa, Namibia, Liberia, the UAE, Korea, Taiwan, and Japan with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power, and glass substrate.