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Vedanta Approves Interim Dividend Of Rs 5; Check Record Date

Vedanta reported results in a corporate actions development.

· NDTV Profit, LiveMint Markets

Vedanta Dividend: The interim dividend of Rs 5 per share has been declared on the company's equity shares with a face value of Rs 1 each.

Vedanta reported Rs 5 and Rs 1. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -2.6% on the day at ₹254.70, and has returned -5.8% over three months. It sits 68% below its 52-week high, which means a good deal of bad news was already in the price. The metals & mining sector has moved -4.3% over the same period, so Vedanta is running 1.5 points behind its peers.

For Vedanta, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.

  • Buybacks, dividends and splits change what a shareholder actually receives, and often signal how management reads its own value.
  • The company directly in focus is VEDL.
  • Sector exposure: Metals & Mining.
VEDLMetals & Mining