 "Vedanta Approves Massive Rs 20 Dividend, Boosting Total Payout to ₹13,474 Crore")
Vedanta, led by Anil Agarwal, has declared a third interim dividend of Rs 20 per share for the current financial year, bringing the total payout for FY25 to Rs 13,474 crore. Earlier this year, the company approved a first interim dividend of Rs 11 per share and a second of Rs 4 per share. The board’s recent decision reflects Vedanta’s commitment to rewarding shareholders, following a total dividend of Rs 29.5 per share in the previous financial year. The company’s strong performance is highlighted by a 54% year-on-year increase in profit after tax to Rs 5,095 crore in the first quarter. Investors have benefited from a remarkable five-year return of 276% and a dividend yield of 65%.
Title: Vedanta Declares Third Interim Dividend for FY25, Boosting Total Payout to Rs 13,474 Crore
Vedanta, under the leadership of Anil Agarwal, has announced its third interim dividend of Rs 20 per share for the financial year 2024-25. This decision was made during a board meeting on September 2, 2024, marking a significant dividend payout of Rs 7,821 crore. So far this fiscal year, the total dividend amount has reached Rs 13,474 crore.
Just recently, in July, Vedanta approved a second interim dividend of Rs 4 per equity share, which added up to Rs 1,564 crore. Earlier in May, they released a first interim dividend of Rs 11 per share, totaling Rs 4,089 crore. This consistent dividend policy highlights Vedanta’s commitment to rewarding shareholders.
In comparison, last year, Vedanta declared a total interim dividend of Rs 29.5 per share for the financial year 2023-24, amounting to Rs 10,966 crore. The company’s steady payouts and increasing capital appreciation have led to impressive returns for investors, showcasing a five-year total shareholding return and dividend yield of 276% and 65%, respectively, as reported on June 30, 2024.
Moreover, Vedanta has demonstrated strong financial performance, with a 54% year-on-year increase in profit after tax, amounting to Rs 5,095 crore in the first quarter.
As Vedanta continues to deliver substantial dividends and maintain robust growth, investor confidence remains high.
Tags: Vedanta, dividend announcement, financial news, Anil Agarwal, shareholder returns, FY25, profit growth
What does Vedanta’s dividend announcement mean?
Vedanta is sharing a portion of its profits with its shareholders by paying them Rs 20 for each share they own.
How much total money is Vedanta giving out as dividends?
Vedanta is giving out a total of Rs 7,821 crores in dividends to its shareholders.
Who can receive this dividend?
Any shareholder who owns Vedanta shares on the specified date will receive the dividend.
When will the dividend payment be made?
The payment date will be announced later, but it is usually done within a few weeks after the declaration.
Why is Vedanta paying this dividend?
Vedanta is paying this dividend to reward its shareholders and share its profits with them.
