Vedanta Dividend: Last Day To Buy Shares To Qualify — Details Here
Vedanta's board announced a final dividend of Rs 7 per share for financial year 2025.
Shares of Vedanta Ltd. will be of interest on Monday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Vedanta's board announced a final dividend of Rs 7 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 24.
In total the company in the last financial year gave a dividend of Rs 39, including the Rs 7 dividend in June. The company had given a dividend of Rs 4 in August, Rs 20 in September and Rs 8.5 in December. Vedanta gave Rs 15,250 in dividends to its shareholders in the financial year ending in March.
The total value of the dividend to be disbursed amounts to around Rs 2,737 crore.
Given India's T+1 settlement cycle, shares purchased on the record date (June 24 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 23 will be the beneficiaries.
In the previous financial year, Vedanta gave Rs 17,000 crore in dividends to its shareholders, amounting to Rs 43.5 per share. Vedanta's fourth-quarter financial results saw a revenue increase of 1.65%, reaching Rs 40,455 crore compared to Rs 39,795 crore in the previous quarter.
This figure slightly exceeded the estimated Rs 39,593 crore. Despite the revenue growth, the company's earnings before interest, tax, depreciation, and amortisation fell by 2.7% to Rs 11,466 crore from Rs 11,784 crore, missing the estimated Rs 12,356 crore. This decline in Ebitda indicates rising operational costs and other financial pressures.
The Ebitda margin contracted to 28.34% from 29.61%, falling short of the estimated 31.2%. Additionally, net profit decreased by 1.8% to Rs 3,483 crore, down from Rs 3,547 crore, though it slightly exceeded the estimated Rs 3,456 crore.
