 "Vedanta prepares for significant dividend discussions amidst a strategic debt reduction plan, eyeing billion in savings.")
Vedanta Ltd, a leading mining company, announced that its board will meet on October 8 to discuss the approval of a fourth interim dividend for the 2024-25 financial year. If approved, the record date for shareholders eligible for this dividend will be October 16, 2024. So far, Vedanta has declared a total dividend of Rs 13,474 crore for the current financial year, including a third interim dividend of Rs 20 per share approved on September 2. The company aims to reduce its debt by up to USD 3 billion over the next three years and has taken steps to ensure it does not roll over its loans. Vedanta’s commitment to strong shareholder returns continues as it navigates its financial strategy.
Mining giant Vedanta Ltd has announced that its board will meet on October 8 to discuss and potentially approve the fourth interim dividend for the financial year 2024-25. This comes after the company has already declared a significant total dividend of Rs 13,474 crore for the year so far.
If the fourth dividend is approved, the record date to determine eligible equity shareholders will be set for October 16, 2024. Earlier, on September 2, Vedanta declared its third interim dividend at Rs 20 per share, following previous dividends of Rs 4 and Rs 11 per share approved in July and May, respectively.
Moreover, Vedanta Resources, the parent company of Vedanta Ltd, is focused on reducing its debt by up to USD 3 billion over the next three years, ensuring financial stability and growth.
As Vedanta continues to provide strong returns to its shareholders, this upcoming board meeting is eagerly anticipated by investors.
Tags: Vedanta, Interim Dividend, Financial News, Corporate Earnings, Shareholders, Investment News.
-
What is the Vedanta board meeting about on October 8?
The board will meet to discuss and approve the 4th interim dividend for the company. -
What is an interim dividend?
An interim dividend is a payment made to shareholders before the company finalizes its full financial results for the year. -
Why is the interim dividend important for shareholders?
The interim dividend is important because it provides immediate returns to shareholders and shows the company’s ongoing financial health. -
When can shareholders expect to receive the interim dividend?
If approved, the dividend will typically be paid out a few weeks after the board meeting. - How will the 4th interim dividend affect the company’s finances?
Paying the interim dividend will reduce the company’s cash reserves but can enhance investor confidence and attract more investment.
