Vedanta share price will be in focus today during early morning deals as Anil Agarwal-led company has fixed 30th May 2023 as record date for first interim dividend payment for the financial year 2023-24. The board of directors of the company has already declared dividend of ₹18.50 per share to its eligible shareholders.
However, Vedanta share price witnessed heavy sell off pressure in early morning session as Vedanta share price today opened with downside gap and went on to hit intraday low of ₹283 apiece on NSE, around 5 per cent lower from its Monday close price of ₹300.35 per share levels.
Vedanta dividend record date
The dividend stock informed Indian bourses about the Vedanta dividend record date citing, “Pursuant to Regulation 29 of Listing Regulations, Notice is hereby given that the meeting of the Board of Directors of the Company (the ‘Board’) is proposed to be scheduled on Monday, May 22, 2023, to consider and approve the First Interim Dividend on equity shares, if any, for the Financial Year 2023-24. Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Tuesday, May 30, 2023. This is for your information and records.”
Vedanta dividend 2023
Informing Indian bourses about first interim dividend for FY24, Vedanta said, “In continuation to our Letter No. VEDL/Sec./SE/23-24/30 dated May 17, 2023 and pursuant to Regulation 30 of Listing Regulations, we wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Monday, May 22, 2023 have approved First Interim Dividend of ₹18.50 per equity share i.e. 1850% on face value of Re. 1/- per share for the Financial Year 2023-24 amounting to ₹6,877 Crores. The record date for the purpose of payment of dividend is Tuesday, May 30, 2023. The interim dividend will be paid within stipulated timelines as prescribed under law. We request you to kindly take the above information on record.”
Vedanta dividend history
As per the information available on the official BSE website — bseindia.com, Vedanta Ltd has declared five interim dividends in the financial year 2022-23. For fifth interim dividend of ₹20.50 per share, Vedanta dividend record date was fixed on 7th April 2023.
Prior to this, Vedanta has traded ex-dividend on four occasions. It traded ex-dividend 6th May 2022 for payment of ₹31.50 per share interim dividend to its shareholders. On 26th July 2023, Vedanta Ltd once again traded ex-dividend for payment of ₹19.50 per share interim dividend to its shareholders.
