Vedanta’s third interim dividend has led to a share price drop, sparking questions from investors
Vedanta shares dipped 4.40% to ₹440 as of 3:05 PM 10th September as the stock traded ex-dividend, impacting the market sentiment.
Vedanta’s third interim dividend for FY 2024-25 amounts to ₹7,821 crores, a strategic move to reward its loyal shareholders.
The record date for this third interim dividend is 10th September 2024, ensuring eligible shareholders receive ₹20 per share.
Vedanta is undergoing a major demerger of its aluminium, oil, gas, power, and base metals businesses into independent entities.
With the dividend and demerger in focus, analysts and investors are keen to see how Vedanta’s stock performs in the coming months.