Vedanta Dividend: Anil Agarwal's Company Announces Rs 8.6 Per Share Reward - Check Details

Vedanta Dividend: Anil Agarwal’s diversified mining giant, Vedanta , has declared a fourth interim dividend of Rs 8.5 per share for the financial year 2024-25. This decision, made at a board meeting on December 16, will see a total payout of Rs 3,324 crore, as per an official exchange filing.

This latest dividend brings Vedanta's total payout for FY25 to a notable Rs 16,799 crore. The record date for dividend distribution has been set for December 24, 2024. Payments will be made as per the stipulated schedule.

Dividend payout timeline

1. December 24, 2024: Rs 8.5 per share
2. September 10, 2024: Rs 20 per share
3. August 2, 2024: Rs 4 per share
4. May 24, 2024: Rs 11 per share

Vedanta Resources, the parent entity, has been focusing on reducing debt and improving its financial structure. Notably, Vedanta Resources recently released encumbered shares held by various group subsidiaries, such as Twin Star, Welter Trading, Vedanta Mauritius, and Vedanta Netherlands.

This release marked a reduction in the group's debt, reaching its lowest point in a decade.

Shares of Vedanta, despite a slight dip of 1.15% on December 16, have seen a remarkable growth of nearly 100% in 2024, pushing the company’s market capitalisation beyond Rs 1.9 lakh crore.

Vedanta reported a net profit of Rs 4,352 crore for the September quarter, driven by higher revenue from metals and a write-back. The company's net debt stood at Rs 56,927 crore, marking a reduction of Rs 4,400 crore from the previous quarter.

The debt-to-EBITDA ratio is now at a manageable 1.49x.

The company’s financial outlook has been further boosted by an upgrade in its bond rating by Moody's in October, following efforts to raise funds, including a Rs 8,500 crore QIP at Rs 440 per share.