Vedanta Turns Ex-Dividend Today: 3rd Interim Dividend of 1,750% & Record Date

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Vedanta Turns Ex-Dividend Today: 3rd Interim Dividend of 1,750% & Record Date
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The mining major Vedanta (NS: VDAN ) will be in focus on Tuesday as its shares will begin trading ex-dividend in the session, a day ahead of the record date for its third interim dividend for the financial year 2022-23.

The Anil Agarwal-led mining company announced a third interim dividend of 1,750% to eligible shareholders on Nov 22. 

The mining giant informed the domestic bourses that its board of directors approved the Third Interim Dividend of Rs 17.5/share on the face value of Re 1 each for FY23 through a resolution passed by circulation.

The interim dividend shall amount to Rs 6,505 crore and the record date for payment of the corporate reward to eligible shareholders is set at Nov 30, 2022.

The Mumbai-headquartered mining major paid its first interim dividend of Rs 31.5/share for FY23 to shareholders in May 2022, followed by the second interim dividend of Rs 19.5/share to eligible shareholders in July.

Shares of Vedanta tanked nearly 4% on Tuesday and were trading 3. 9% lower at Rs 298.8 piece in early trade at 9:20 am.

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