Vedanta Declares Third Interim Dividend for FY25

Vedanta Ltd has announced a third interim dividend of Rs 20 per share for the financial year 2024-25, amounting to a total payout of Rs 7,821 crore. The Board of Directors approved this dividend during a meeting on September 2, 2024, and the record date for eligibility is set for September 10, 2024. This follows two earlier interim dividends of Rs 11 and Rs 4 per share declared this fiscal year. Vedanta's shares closed at Rs 464 on the BSE on the day of the announcement, slightly down from previous highs. With a consistent history of high dividend payouts, Vedanta remains a prominent dividend yield stock in the market. Analysts note the company's stock performance has seen significant growth over the past year, reflecting investor confidence.