Vedanta Share Price Fell Over 4% As Stock Trades Ex-dividend

On Monday, September 2, 2024, the Board of Directors of Vedanta Ltd approved a third interim dividend of Rs 20 per equity share, with a face value of Rs 1 per share, for the financial year 2024-25

Vedanta share price fell over 4 per cent as it trade ex-dividend today. The stock opened at Rs 439.80 and was trading near this level on the NSE on Tuesday, down from the previous close of Rs 460.25.

At 10:30 am, shares of Vedanta were trading at Rs 441.50, down 18.75 points or 4.07 per cent on the NSE. On BSE Sensex, it was trading at Rs 441.30, an increase of 1.00 points or 0.23 per cent.

On Monday, September 2, 2024, the Board of Directors of Vedanta Ltd approved a third interim dividend of Rs 20 per equity share, with a face value of Rs 1 per share, for the financial year 2024-25. According to Vedanta's release, the total dividend amounts to approximately Rs 7,821 crores. The record date for this dividend payment was set for Tuesday, September 10, 2024.

Meanwhile, in July 2024, Vedanta announced an interim dividend of Rs 4 per equity share, with a face value of Rs 1 per share, for the financial year 2024-25, accounting for Rs 1,564 crores. This was the company's second interim dividend declaration for FY25, following the approval of the first interim dividend of Rs 11 per share. The record date for the first interim dividend was set for Saturday, May 25, 2024, and the record date for the second interim dividend was Saturday, August 3, 2024.

As a result, Vedanta has declared a total dividend of Rs 35 per share since May of the current financial year.

Vedanta is currently in the spotlight due to its planned demerger of its aluminium, oil and gas, power, steel and ferrous materials, and base metals businesses into separate companies. According to a PTI report, the existing zinc operations and newly incubated businesses are expected to remain under Vedanta Ltd.