The board of Vedanta has approved a second interim dividend of Rs 4/share for FY25, amounting to Rs 1,564 crore, the company informed stock exchanges on July 26.
"we wish to inform you that the Board of Directors of VedantaLimited (the “Company”), at its meeting held today i.e. Friday, July 26, 2024, has considered and approved the Second Interim Dividend of Rs 4/- per equity share on face value of Rs 1/- per equity share for the Financial Year 2024-25 amounting to c. Rs 1,564 Crores", the company said.
In May, mining major Vedanta's board had approved a dividend payment of Rs 11 per share to the shareholders in for FY25, amounting to a total payout of around Rs 4,089 crore. The record date for this had been set at May 25.
Vedanta has maintained a high dividend payout in recent years. In FY23, the company distributed a total of ₹37,572 crore in dividends, following Rs 16,689 crore in FY22, and Rs 3,519 crore in FY21. Since July 23, 2001, Vedanta has declared 42 dividends, including three in FY24, totalling Rs 50 per share.
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