All eyes on Vedanta share price ahead of board meeting to consider fourth interim dividend
Ahead of its Wednesday, October 9 board meeting to discuss the fourth interim dividend, Vedanta’s share price continues to be of interest.
Earlier plans called for the Board of Directors of the firm to meet on Tuesday, October 08, 2024, to review and approve, if any, the fourth interim dividend on equity shares, for the financial year 2024–25 (XY25). But according to a Tuesday business announcement, unanticipated events have caused the board meeting to be moved until October 09, 2024.
Formerly Announcements about dividends
The mining behemoth Vedanta has thus so far in the current fiscal year issued three interim dividends of ₹20, ₹4, and ₹11 per equity share. The strong dividend yield of Vedanta appeals to investors.
Approved by Vedanta’s Board of Directors at their meeting on September 02, 2024, the third interim dividend of ₹ 20 per equity share for the financial year 2024–25 amounted to ₹ 7,821 crore.
In July 2024 Vedanta has also declared an interim dividend of ₹ 4/-per equity share for the financial year 2024–25, totalling ₹1,564 crore. Following approval of the first interim dividend of ₹11 per share, this was the second interim dividend announcement by the firm in FY25.
China Recovery’s aspirations
Given a predicted comeback in metal demand from China, the world’s biggest consumer of commodities, Vedanta’s share price likewise stays under constant attention.
On the London Metal Exchange, the prices of aluminium, copper, zinc, lead, other metals have already begun climbing.
Another reason the attention on Vedanta share values is the anticipated demerger of the aluminium, oil and gas, power, steel and ferrous material, and base metals divisions into separate firms.
