Vedanta dividend

Vedanta Ltd Set to Announce Fourth Interim Dividend for FY25: What You Need to Know

Big news for Vedanta shareholders! The mining giant is gearing up for its next big dividend payout. With a fourth interim dividend on the horizon for FY25, investors are eagerly awaiting what’s next in line. Curious about how much the payout could be and what this means for your portfolio? Read on to get the inside scoop.

Vedanta’s Board to Consider Fourth Interim Dividend on October 8

Mining major Vedanta Ltd is all set to make headlines once again as the company’s Board of Directors is scheduled to meet on October 8, 2024, to consider the fourth interim dividend for the financial year 2024-25 (FY25). This potential payout is expected to continue the company’s trend of rewarding shareholders with steady dividend distributions.

According to Vedanta’s official filing with the stock exchange, if the dividend is declared, the record date has been set for October 16, 2024. This means that shareholders holding Vedanta stock by this date will be eligible for the dividend payout. Investors are closely monitoring the outcome of the board meeting, as Vedanta has consistently demonstrated a shareholder-first approach.

A Quick Recap of Vedanta’s Dividend History for FY25

Earlier this month, Vedanta, led by Chairman Anil Agarwal, announced its third interim dividend for FY25 at Rs 20 per share. This payout amounted to a total of Rs 13,474 crore for the financial year so far, adding to the company’s robust record of delivering value to its shareholders.

In fact, this year’s dividend journey began in May when Vedanta approved its first interim dividend of Rs 11 per equity share, totaling Rs 4,089 crore. This was followed by a second interim dividend of Rs 4 per share in July, amounting to Rs 1,564 crore.

Dividend Milestones: A Closer Look

With the upcoming fourth interim dividend, Vedanta is well on track to surpass its previous dividend payouts. Here’s a quick breakdown of the dividend milestones for FY25 so far:

First Interim Dividend (May 2024): Rs 11 per share (Rs 4,089 crore)
Second Interim Dividend (July 2024): Rs 4 per share (Rs 1,564 crore)
Third Interim Dividend (September 2024): Rs 20 per share (Rs 13,474 crore)
Fourth Interim Dividend (Expected in October 2024): Yet to be announced.

Vedanta’s commitment to rewarding its shareholders is clear, with the total dividend for FY25 so far reaching Rs 13,474 crore. This trend mirrors the company’s payout pattern from FY24, where it declared a total interim dividend of Rs 29.5 per share, amounting to Rs 10,966 crore.

Shareholder Returns: Vedanta’s Impressive Track Record

Vedanta’s dividend payments have not only been consistent but have also contributed significantly to investor returns. According to Vedanta’s investor presentation, as of June 30, 2024, the company has generated a five-year total shareholding return of 276 percent and a dividend yield of 65 percent. These figures make Vedanta one of the most lucrative stocks for dividend-focused investors.

The company’s strong financial performance has been the driving force behind these generous payouts. In the first quarter of FY25, Vedanta reported a 54 percent year-on-year growth in profit after tax, reaching Rs 5,095 crore. With such impressive numbers, it’s no wonder investors are eagerly awaiting the next dividend announcement.

What This Means for Vedanta Investors

The upcoming board meeting on October 8 could mean yet another dividend windfall for Vedanta shareholders. Vedanta dividend, For investors, the key takeaway is the company’s consistent track record of delivering value through dividends, even in a challenging market environment. Vedanta’s strategy of returning capital to shareholders, combined with its robust financial performance, makes it a compelling choice for both short-term gains and long-term growth.

Conclusion:

With a fourth interim dividend for FY25 on the horizon, Vedanta continues to position itself as a dividend powerhouse in the Indian market. Vedanta dividend, The board meeting on October 8 is eagerly anticipated, and investors will want to mark their calendars for the record date of October 16. Whether you’re a current shareholder or considering an investment in Vedanta, this is a company worth keeping an eye on.