Vedanta Ltd. shares will be of interest for investors on Monday ahead of the board meeting to consider and approve the third interim dividend for the financial year ending March 31, 2026. The mining giant has set the record date for the purpose of determining the entitlement of the equity shareholders for the dividend as Saturday, March 28.
The company paid an interim dividend of Rs 16 in August and Rs 7 in June last year.
Vedanta is a popular stock for its periodic dividend payout, with an annual dividend yield of over 6%. The conglomerate is a diversified natural resource group engaged in exploring, extracting and processing minerals like zinc, lead, silver, copper, aluminium, iron ore and oil and gas.
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Founder and Chairman Anil Agarwal has said the dividend policy will always be an integral part of the Vedanta Group. "I live for dividend".
The promoter group owns 56.38% stake in the Mumbai-listed company.
Vedanta Share Price Movement
Shares of Vedanta traded over 4% lower during early trade on Monday, amid a market-wide selloff. The benchmark Nifty 50 tanked 2%. The stock has risen 6% year-to-date and 36% in the last 12 months. The scrip ended 0.3% higher at Rs 667.3 on the NSE on Friday.
Ten out of the 14 analysts tracking Vedanta have a 'buy' rating on the stock and four recommend a 'hold', according to Bloomberg data. The average of 12-month analyst price targets is Rs 838, which implies a potential upside of 25%.
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