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Vedanta declares 5th interim dividend of Rs 20.5/share

Mar 30, 2023

By: BlinkX Research Team

Vedanta has declared a fifth interim dividend of Rs 20.50 per equity share for the current financial year 2022-23. The dividend will amount to Rs 7,621 crore. The company has already set April 7 as the record date for the same. 
The company said in a filing, "the board has approved the fifth interim dividend of Rs 20.50 per equity share i.e., 2050% on the face value of Re 1 per share for the financial year 2022‐23, amounting to Rs 7,621 crore."

The company has already set April 7 as the record date for the same. The record date determines the eligibility of shareholders for the said dividend payment.

In the current financial year, Vedanta has already declared four equity dividends of Rs 12.50, Rs 17,50, Rs 19.50, and Rs 31.50, respectively.

The Anil Agarwal-led company has announced a whopping Rs 37,733 crore in total dividend in FY23, which is against Rs 16,689 crore dividend payments (Rs 45 per share) in FY22, Rs 3,519 crore (Rs 9.50 per share) in FY21 and Rs 1,444 crore (Rs 3.90 per share) dividend payout in FY20.

Before Tuesday's dividend announcement, the Vedanta board approved the fourth dividend of Rs 12.50 per equity share, amounting to Rs 4,647 crore in January. It announced its third interim dividend of Rs 17.50 per share in November, amounting to Rs 6,505 crore. Its second interim dividend came in July 2022 when the mining giant announced a dividend of Rs 19.50 per share, amounting to Rs 7,250 crore.