The board of Vedanta Ltd on Monday approved the fourth interim dividend of ₹8.5 per share for the fiscal year 2024-25. This payout will entail an outgo of ₹3,324 crore.
In a regulatory filing, the Anil Agarwal-led firm said the record date for the dividend will be December 24, 2024.
While the board’s decision was announced after market hours, the Vedanta stock ended 1.21 per cent lower at ₹513.40 on the BSE. This will take the total dividend outgo to ₹16,798 crore for the current financial year.
In September, the board approved the third interim dividend of ₹20 per share amounting to ₹7,821 crore.On July 26, the directors approved the second interim dividend of ₹4 per equity share for 2024-25 amounting to ₹1,564 crore.
Similarly, on May 16, the company approved the first interim dividend of ₹11 per equity share amounting to ₹4,089 crore.
The promoter holding in Vedanta Ltd stands at 56.38 per cent. The promoters have therefore received ₹9,470 crore as dividends from the company this financial year.
In an investor presentation after the second quarter results, Vedanta Ltd said the steady flow of dividends and appreciation in capital for investors has helped in generating a five-year total shareholding return (TSR) and dividend yield of 378 per cent and 67 per cent, respectively, as on September 30, 2024.
Vedanta posted a consolidated net profit of ₹4,352 crore in Q2 compared with a loss of ₹1,783 crore a year ago. Its consolidated income declined to ₹38,934 crore against ₹39,585 crore a year ago.
Arun Misra, executive director Vedanta Ltd, had said the company posted the highest-ever first-half EBITDA (earnings before interest, tax, depreciation & amortisation) of ₹20,639 crore with 46 per cent growth over the previous year period.
