Vedanta | (Photo: Reuters)
Anil Agarwal-led Vedanta on Monday approved a third dividend of Rs 20 per share for the current financial year, taking the total dividend payout so far for FY25 to Rs 13,474 crore.
On July 26, the board of directors approved a second interim dividend of Rs 4 per ordinary share, totalling Rs 1,564 crore. In May, a first interim dividend of Rs 11 per ordinary share, totalling Rs 4,089 crore, was approved.
“The Board of Directors of Vedanta Ltd at its meeting held on September 2, 2024, considered and approved the third interim dividend of Rs 20 per equity share on the face value of Re 1 per equity share for the financial year 2024-25 amounting to Rs 7,821 crore,” Vedanta said in a filing to BSE.
This brings the total dividend for 2024-25 so far to Rs 13,474 crore.
Similarly, during 2023-24, Vedanta had declared a total interim dividend of Rs 29.5 per share, which amounts to Rs 10,966 crore for shareholders.
The steady stream of dividends and capital appreciation to investors has helped generate a five-year total equity return and dividend yield of 276 percent and 65 percent, respectively (as of June 30, 2024), according to Vedanta’s investor presentation.
In the first quarter, profit after tax grew 54 percent year-on-year to Rs 5,095 crore.
First published: September 2, 2024 | 19:55 IS
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