Vedanta Limited has announced a big gift to its shareholders. Vedanta is paying the fifth interim dividend for the current financial year 2022-23. The company is paying an interim dividend of 2050% per share.
That is, investors will get an interim dividend of Rs 20.50 on every share. Vedanta Limited will spend Rs 7624 crore on the payment of interim dividends.
Dividends of more than Rs 400 in the current financial year Vedanta has fixed the record date of April 7, 2023, for the fifth dividend of the financial year 2022-23. Mining company Vedanta has already given interim dividend 4 times in the current financial year.
Vedanta paid a dividend of Rs 12.50 in February 2023. The company paid an interim dividend of Rs 17.50 in November 2022 and Rs 19.50 in July 2022. The company had paid an interim dividend of Rs 31.50 in May 2022. That is, the company has given a total interim dividend of Rs 101.50 in the current financial year.
The acting CFO resigned from the post
Vedanta Limited has informed on Tuesday that Ajay Goel has resigned from the position of Acting Chief Financial Officer (CFO). Goyal’s resignation is effective from 9 April 2023. The company has stated in a regulatory filing that Ajay Goyal has resigned from the post to explore opportunities outside the group.
Vedanta shares fell 33% in a year
Shares of Vedanta Limited have fallen 33% in the last year. Vedanta shares were at Rs 440.60 on the Bombay Stock Exchange on March 29, 2022. The company’s shares closed at Rs 274.20 on March 28, 2023, at BSE.
Shares of Vedanta have declined about 14% so far this year. The 52-week high level of Vedanta shares is Rs 440.75. At the same time, the 52-week low level of Vedanta Limited’s shares is Rs 206.0.
Disclaimer: Here only the information about the performance of the stock is given, it is not investment advice. Investment in the share market is subject to risk and you should consult your advisor before investing.
Source: Live Hindindustan