Home » Vedanta’s Second Interim Dividend Decision Today: Investors Await Board Meeting Results

Vedanta’s Second Interim Dividend Decision Today: Investors Await Board Meeting Results

by admin

Investors are closely monitoring Vedanta shares today as the Anil Agarwal-backed company is set to hold a board meeting to discuss and approve a second interim dividend for the current financial year ending on March 31, 2024. The board has already designated December 27 as the record date for potential dividends, as stated in Vedanta’s regulatory filing.

Over the past 12 months, Vedanta has declared equity dividends totaling Rs 51.5 per share, as reported by Trendlyne. With the current share price at Rs 252.9, Vedanta’s dividend yield is an impressive 20.2 percent, calculated using the dividend yield formula: cash dividend per share divided by market price per share.

Despite this positive dividend yield, Vedanta shares have experienced a negative return of nearly 20 percent this year, making the board’s decision on the second interim dividend even more crucial for investors.

In a parallel development, the diversified minerals company has initiated a liability management exercise to restructure $3.8 billion of repayments maturing in the next three years. As the outcome of the board meeting unfolds, the market awaits the implications of both the dividend decision and the company’s strategic move to manage its financial liabilities.

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