On Monday, December 16, 2024 investors will be eagerly looking towards news filtering out from the boardroom of Vedanta, one of the metals and mining majors in the country. The company has already paid one interim dividend in all the three quarters of this calendar year and the market is rife with expectations that it will make a recommendation to reward investors on Monday as well. Early this week, the company informed the bourses of the board meeting on December 16.
The Vedanta communication to the bourses mentioned, “Board of Directors of the Company (the “Board”) is proposed to be scheduled on Monday, December 16, 2024, to consider and approve the Fourth Interim Dividend on equity shares, if any, for the Financial Year 2024-25.”
Record date for dividend
The share price of Vedanta Ltd (NSE: VEDL) went up by Rs 26.35, or 5.33%, in the past 5 days. On Thursday, December 12, the stock of Vedanta jumped about 2% after the company revealed that its board will be meeting on Monday to consider the final dividend this year. The 52-week high and low prices of this stock is Rs 526.60 and Rs 243.65 respectively. According to reports, the company has fixed Tuesday, December 24, to record the names of shareholders who will be eligible to get eligible to receive the dividend. How much dividend will I get in Vedanta, is the question on the lips of investors now.
Stock price sizzled in past 1 month, 1 year
Reports have mentioned how in the past one month, the share price of Vedanta Ltd has rallied by a whopping 13%. Investors have also got multibagger returns from this stock in the past 1 year when it jumped 107%. The data of 52-week low and high prices bears testimony to this humongous returns. Significantly, Vedanta Ltd was set up by Anil Agarwal in 1976 to deal in scrap metal in Mumbai. Now the company boasts of a market capitalisation of more than Rs 2 lakh crore.
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Metals and mining giant Vedanta, a company that has already paid three interim dividends this year amounting to a total of Rs 35, will hold a board meeting on Monday, December 16, to consider the 4th dividend. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
