On September 25, mining giant Vedanta Ltd announced that its board will convene on October 8 to discuss and potentially approve the fourth interim dividend for FY25. If declared, the record date for this dividend has been set for October 16.
In a stock exchange filing, Vedanta stated, “The meeting of the Board of Directors of the Company is scheduled for Tuesday, October 8, 2024, to consider and approve the Fourth Interim Dividend on equity shares, if any, for the Financial Year 2024-25.”
Earlier in the month, the Anil Agarwal-led company declared a third dividend of ₹20 per share for the current fiscal year, bringing the total dividend payout for FY25 to ₹13,474 crore. On July 26, the board approved a second interim dividend of ₹4 per share, amounting to ₹1,564 crore, and in May, a first interim dividend of ₹11 per share, totaling ₹4,089 crore, was also announced.
These dividends have helped push Vedanta’s total payout for FY25 to ₹13,474 crore. During FY24, the company declared a total interim dividend of ₹29.5 per share, amounting to ₹10,966 crore for shareholders.
Vedanta’s consistent dividend payouts and capital appreciation have yielded a total return of 276% and a dividend yield of 65% over the last five years, as noted in the company’s June 2024 investor presentation. Additionally, the firm reported a 54% year-on-year growth in profit after tax in the first quarter, amounting to ₹5,095 crore.
