Vedanta Share Price In Focus Today: Dividend Decision And Hindustan Zinc Block Trade
Vedanta currently leads the market in dividend income, offering a hefty 9.5% dividend yield.
Vedanta Ltd. share price will be in focus on Wednesday ahead of the board meeting to consider and approve the first interim dividend for the financial year 2026 and stake sale in Hindustan Zinc Ltd.
The record date to determine the eligible shareholders for the dividend, if declared, has been fixed as June 24.
The stock has moved 0.24% higher since the Friday announcement.
Investors seeking dividend yields may find Vedanta hard to ignore. It currently leads the market in dividend income, offering a hefty 9.5% dividend yield, thanks to a strong payout of Rs 13,474 crore in fiscal 2025. Over the past five years, Vedanta has built a solid track record of rewarding shareholders.
A dividend yield is a straightforward financial ratio that tells investors how much a company pays in yearly dividends relative to its stock price.
In fiscal 2025, the company paid four interim dividends of Rs 11, Rs 4, Rs 20 and Rs 8.5. In the previous year, it issued interim dividends of Rs 12.5, Rs 20.5, Rs 18.5 and Rs 11.
Besides, Vedanta is set to marginally reduce its shareholding in Hindustan Zinc by offering shares in the secondary market. The transaction can fetch the promoter at least Rs 3,018 crore.
The parent company has offered to sell up to 6.67 crore shares or 1.6% equity via a block deal mechanism, according to the term sheet accessed by NDTV Profit.
The floor price for the Hindustan Zinc block deal is set at Rs 452.2 apiece, a 7% discount to Tuesday's closing on the NSE.
The residual stake of Vedanta will have a lock-up period of 90 days.
The Anil Agarwal-led company held a 63.42% equity in the zinc and silver producer as of March, according to shareholding data on the BSE.
Shares of Vedanta closed 0.63% lower at Rs 461 on Tuesday.
