Mining major Vedanta Ltd said on September 25 that its board will meet on October 8 to consider fourth interim dividend for FY25.
The record date for the dividend, if declared, has been fixed as October 16.
"The meeting of the Board of Directors of the Company is proposed to be scheduled on Tuesday, October 08, 2024, to consider and approve the Fourth Interim Dividend on equity shares, if any, for the Financial Year 2024-25," said Vedanta in a stock exchange filing.
Earlier this month, Anil Agarwal-led Vedanta approved a third dividend of Rs 20 per share for the current financial year, taking the total dividend payout so far for FY25 to Rs 13,474 crore.
On July 26, the board approved a second interim dividend of Rs 4 per equity share, amounting to Rs 1,564 crore. In May, a first interim dividend of Rs 11 per equity share, totalling Rs 4,089 crore was approved.
This takes the total dividend for 2024-25 so far to Rs 13,474 crore.
Similarly, during 2023-24, Vedanta had declared a total interim dividend of Rs 29.5 per share, amounting to Rs 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 percent and 65 percent, respectively (as on June 30, 2024), as per Vedanta's investor presentation.
In the first quarter, profit after tax grew 54 percent year-on-year to Rs 5,095 crore.
With inputs from PTI
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