Vedanta Third Interim Dividend 2022: ₹17.50 Per Share, Record Date 30th November & More

Vedanta Third Interim Dividend News : Vedanta Ltd. has announced its Thirs Interim Dividend at ₹17.50 per share and the record date for the same is fixed on the 30th of November, 2022.

by Sahil_Jain Updated: 22 Nov, 2022, 18:32 IST
30 3697

A leading Indian metal and crude oil company, Vedanta has declared its third interim dividend to be ₹17.50 per share. The board of directors discussed the same subject in their meeting today, on the 22nd of November, 2022. Later, the board approved the decision and now all Vedanta shareholders would get a dividend of ₹17.50 per share with a face value of ₹1. According to the company, the total dividend amount is around ₹6,505 crores in total. Let's talk more about it in detail below.  

vedanta dividend news 2022

Vedanta Third Interim Dividend 2022: ₹17.50 Per Share with November 30 as the Record Date

So after a short wait, Vedanta has confirmed that the company would soon pay ₹17.50 dividend per share with 30 November as its record date. This is going to be the third interim dividend from Vedanta. Even when the company declared its meeting, rumors had it that the board of directors would soon announce the same. Now that the announcement has been made loud and clear, the news can be a really good opportunity for Vedanta shareholders to get paid with their third dividend this year. 

Now that the news of its dividend is out, Vedanta's shares may see a small rise if investors take invest in this leading oil, gas, and metal company. 

Vedanta Board Meeting on 22 November: Board of Directors Approved Third Interim Dividend

Vedanta, in its announcement for the meeting, said “Pursuant to Regulation 29 of Listing Regulations, Notice is hereby given that the Board of Directors of the Company (the “Board") on Tuesday, November 22, 2022, will consider and approve Third Interim Dividend on equity shares, if any, for the Financial Year 2022-23”.

Here is what Vedanta said after its meeting on 22nd November, announcing its third interim dividend of 2022 "We wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Tuesday, November 22, 2022 have approved Third Interim Dividend of ₹ 17.50 per equity share i.e. 1750% on face value of Re. 1/- per share for the Financial Year 2022-23 amounting to c. ₹6,505 crores".

Also, Vedanta has been performing well enough to pay dividends to its stakeholders, and as the company’s part owners, they would expect the same. Vedanta’s consolidated sales were recorded to be worth ₹36,654 crores, a Y-o-Y growth of more than 20% in September 2022. 
As of now, the board of directors in Vedanta has approved the dividend-paying decision and the same would be seen really soon.

Vedanta Third Interim Dividend 2022 Details: Dividend Per Share, Record Date and More

The record date for Vedanta's third interim dividend is fixed as 30th November 2022. This means that all those shareholders who would have Vedanta shares in their portfolio till November 30 will get the dividend too. Moreover, the dividend that all shareholders would get is Rs 17.50 per share. Note that the face value of Vedanta's shares is Re 1. 

So if you are planning to make some quick money from the stock market while investing in a trusted firm, you may invest in Vedanta Ltd.

Vedanta Dividend History 2022

Let’s cut to the chase, Vedanta has been a really appealing firm if we consider its previous dividends. The company paid ₹31.5 per share with a face value of ₹1 as its first interim dividend for the financial year 2022-23 in May.

While for the second interim, each share got its owner ₹19.50 as a dividend for the financial year 2022-23 in July.

Let us know what you think about this decision from the company. We can have a great conversation on the same in the comments section below. 

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Top Comments
Deal Subedar Deal Subedar
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Invested around 2L in this company , got back the entire money in dividends only 😬

This year only got around 1.1L back as dividends in just 2 quarters 

Deal Subedar Deal Subedar
Admin
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peeyushkr2222 wrote:
But is has lots of debt and all share are debt by promoters so also have risk

It is called 'Debt Financing'. Many companies prefer carrying out their business activities with the debt amount that they get from the market rather than equity financing. Why you may ask...when companies are lent money by any individual or organization, their rate of interest is fixed. So if a company knows that by taking say, 10 crore rupees it can make 100 crores, it would take that debt amount. 

When it comes to equity shares, things are totally different for us retail investors and those institutional investors who invest a huge sum of money in a company.

If a company raises more money with its equity shares, it also has to share its ownership with others. If I have around 30-40% shares of a company, it must value my opinions and I may have huge decision-making authority in the firm, no matter if I know anything about their business or not...sounds troublesome for the company, right?

Thus, if a company knows that it is going to grow a lot sooner or later, it would choose debt financing as a method to get more money.

And lastly, every single company in the stock market is risky to invest in. That is what we all know, right? So, the way to decide whether to invest in a company or not is to look for more than one deciding factor. Yup, having a lot of debt doesn't sound so good, but if a company is growing well, running ethically, and has the potential to pay back that debt anytime, that huge amount of debt may not be a problem. 

I hope this answer helps you understand the concept and I haven't confused you further.

Deal Subedar Deal Subedar
Admin
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pratikpanchal33104 wrote:
Is it the right time to invest in this company right now?

I may not be the best person to answer that question, my friend.


Yup, I can surely mention some positive points about the company like:

  1. Vedanta has been paying good dividends for the past 5 years.
  2. Its financials have been really strong with good profits too.
  3. The company's share price has increased by more than 200% within a very short period of time.
  4. Since the company trades in the metal and crude oil sectors, it's bound to outlast many other companies from other sectors that may not be relevant in the future.


But, the company also has some concerning things like:

  1. A not-so-reliable Founder of Vedanta, Mr. Anil Agarwal offered to buy back all the shares and de-list the company from the stock market. The problem was the offering price which was around Rs 80 while the share price in the market around that time was more than Rs 120. Though fortunately, shareholders didn't like that offer and the company is still here in the game.
  2. Vedanta's debt was around Rs 21,000 crores in March 2022. Though I have explained above that it is because of their debt-financing method of carrying the business activities, you still can't ignore it completely.
  3. Vedanta had to close its Sterlite copper plant at Tuticorin, Tamil Nadu after huge protests by the local people. The plant was said to result in a dramatic increase in pollution, which had a negative impact on Vedanta's reputation.

So all I can say is that you should consider looking at all the factors that may affect your investment in the long run. It is not a good idea to just believe a tip that you may get on the internet from anyone. Also, timing the stock market precisely is not so easy, no matter who we are. So, there is no perfect time to invest in the stock market, especially in a company that may perform well in the coming years, not instantly. 

I hope you understand and this comment was useful to you.

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Commentator Commentator
But is has lots of debt and all share are debt by promoters so also have risk
Deal Subedar Deal Subedar
peeyushkr2222 wrote:
But is has lots of debt and all share are debt by promoters so also have risk
Anil Agarwal is like Adani... The intrinsic value is in the company & it's business... Its share price always trade at lower value 'coz of huge debt but dividend yield is very good.... Even with debt adjusted it should trade around 400/- at fair price...
Deal Subedar Deal Subedar
Admin
peeyushkr2222 wrote:
But is has lots of debt and all share are debt by promoters so also have risk

It is called 'Debt Financing'. Many companies prefer carrying out their business activities with the debt amount that they get from the market rather than equity financing. Why you may ask...when companies are lent money by any individual or organization, their rate of interest is fixed. So if a company knows that by taking say, 10 crore rupees it can make 100 crores, it would take that debt amount. 

When it comes to equity shares, things are totally different for us retail investors and those institutional investors who invest a huge sum of money in a company.

If a company raises more money with its equity shares, it also has to share its ownership with others. If I have around 30-40% shares of a company, it must value my opinions and I may have huge decision-making authority in the firm, no matter if I know anything about their business or not...sounds troublesome for the company, right?

Thus, if a company knows that it is going to grow a lot sooner or later, it would choose debt financing as a method to get more money.

And lastly, every single company in the stock market is risky to invest in. That is what we all know, right? So, the way to decide whether to invest in a company or not is to look for more than one deciding factor. Yup, having a lot of debt doesn't sound so good, but if a company is growing well, running ethically, and has the potential to pay back that debt anytime, that huge amount of debt may not be a problem. 

I hope this answer helps you understand the concept and I haven't confused you further.

Deal Subedar Deal Subedar

Invested around 2L in this company , got back the entire money in dividends only 😬

This year only got around 1.1L back as dividends in just 2 quarters 

Beacon Beacon
Is it the right time to invest in this company right now?
Deal Subedar Deal Subedar
pratikpanchal33104 wrote:
Is it the right time to invest in this company right now?

No take a look at max chart plus its Financial result 

It will come down again 

Always try to catch or exit a stock using support resistance 

Plus this stock wont give you lifetime high div , when it will fall so will its div 

Deal Subedar Deal Subedar
Admin
pratikpanchal33104 wrote:
Is it the right time to invest in this company right now?

I may not be the best person to answer that question, my friend.


Yup, I can surely mention some positive points about the company like:

  1. Vedanta has been paying good dividends for the past 5 years.
  2. Its financials have been really strong with good profits too.
  3. The company's share price has increased by more than 200% within a very short period of time.
  4. Since the company trades in the metal and crude oil sectors, it's bound to outlast many other companies from other sectors that may not be relevant in the future.


But, the company also has some concerning things like:

  1. A not-so-reliable Founder of Vedanta, Mr. Anil Agarwal offered to buy back all the shares and de-list the company from the stock market. The problem was the offering price which was around Rs 80 while the share price in the market around that time was more than Rs 120. Though fortunately, shareholders didn't like that offer and the company is still here in the game.
  2. Vedanta's debt was around Rs 21,000 crores in March 2022. Though I have explained above that it is because of their debt-financing method of carrying the business activities, you still can't ignore it completely.
  3. Vedanta had to close its Sterlite copper plant at Tuticorin, Tamil Nadu after huge protests by the local people. The plant was said to result in a dramatic increase in pollution, which had a negative impact on Vedanta's reputation.

So all I can say is that you should consider looking at all the factors that may affect your investment in the long run. It is not a good idea to just believe a tip that you may get on the internet from anyone. Also, timing the stock market precisely is not so easy, no matter who we are. So, there is no perfect time to invest in the stock market, especially in a company that may perform well in the coming years, not instantly. 

I hope you understand and this comment was useful to you.

Deal Newbie Deal Newbie
EkdamSastaRaju wrote:

Invested around 2L in this company , got back the entire money in dividends only 😬

This year only got around 1.1L back as dividends in just 2 quarters 

what is your avg purchase price of vedanta sir ?
Deal Lieutenant Deal Lieutenant

Wow seing DD becoming  a stock market discussion forum . This is showing me on the homepage @admin is this kind of posts really meant to be on the home page. 

I can understand topics like Best Credit Cards and Card Offers being on the homepage but is this Vedanta paying Third Interim Dividend something to show up on the homepage . Even if such a post is allowed the DD Admin team should really reconsider does this make any sense to be on the homepage . I am not a really active member these days but these kind of random posts really can putoff anyone accessing the website .

 Also no offense to the OP of the post as his intention is merely promoting the company he is invested in and making others believe the amazing growth prospects.  There are other stock market specific forums for eg valuepickr where Dimers can get much more valuable information and can create their own judgement of whether to invest or not and learn much more about investing.  

Vedanta is a metals industry and these kind of businesses are cyclical in nature ie they have a short period of high growth followed by a cooldown in the industry for a large period which results in many of the companies going into losses and some becoming bankcrupt and being taken over by some other bigger players who has managed to survive. The key of investing in such industries is buying at the right point of time ( generally when the the industry is at the weakest and you would make the most of the profits ) . Cyclicals can  given 5x 10x returns but the timing of entry and exit is most essential for such businesses .This needs careful tracking of the commodity prices , global scenario , whether any huge supply is being created by some other competitor or if there is any change in the consumer behaviour. This is maybe just a few things that needs to be kept in mind while investing in a cyclical industry like metals . Its better people do their own research and judgement rather than blindly following posts.  

Deal Subedar Deal Subedar
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PaytmKaPoojari wrote:

Wow seing DD becoming  a stock market discussion forum . This is showing me on the homepage @admin is this kind of posts really meant to be on the home page. 

I can understand topics like Best Credit Cards and Card Offers being on the homepage but is this Vedanta paying Third Interim Dividend something to show up on the homepage . Even if such a post is allowed the DD Admin team should really reconsider does this make any sense to be on the homepage . I am not a really active member these days but these kind of random posts really can putoff anyone accessing the website .

 Also no offense to the OP of the post as his intention is merely promoting the company he is invested in and making others believe the amazing growth prospects.  There are other stock market specific forums for eg valuepickr where Dimers can get much more valuable information and can create their own judgement of whether to invest or not and learn much more about investing.  

Vedanta is a metals industry and these kind of businesses are cyclical in nature ie they have a short period of high growth followed by a cooldown in the industry for a large period which results in many of the companies going into losses and some becoming bankcrupt and being taken over by some other bigger players who has managed to survive. The key of investing in such industries is buying at the right point of time ( generally when the the industry is at the weakest and you would make the most of the profits ) . Cyclicals can  given 5x 10x returns but the timing of entry and exit is most essential for such businesses .This needs careful tracking of the commodity prices , global scenario , whether any huge supply is being created by some other competitor or if there is any change in the consumer behaviour. This is maybe just a few things that needs to be kept in mind while investing in a cyclical industry like metals . Its better people do their own research and judgement rather than blindly following posts.  

Thanks a lot for your sarcastic comment😄 

Talking about this post being helpful or not, we have a few groups here on DesiDime that dimers actively follow to get updates related to the stock markets as well. This post is not promotional in any sense, which is pretty evident after the conversation I and other dimers had here. Also, the Stock market is a topic that has high user search intent even on DesiDime. Thus, we can conclude that such posts where we talk about some major news in the share market would be of help to those dimers who want to know more about it. Also, there are many users on the internet who search for high dividend-yielding companies to invest in. 

So this post can help them be aware of such events, though investing or not is their own decision. Sorry if you felt that this post is promotional in any manner, though I personally do not remember myself investing in this company. Would surely do if I could get more valuable suggestions from smart dimers like you.


Thanks a lot for your comment though, it would surely help others understand the risk of investing in Vedanta as I couldn't mention this one point earlier.😊

image

Deal Lieutenant Deal Lieutenant

@Sahil_Jain my intention at the first place was never to come to this thread. I saw the post on homepage and thats what triggered me in the first place to write in the thread.

Second the post topic does not make sense . If a person is not invested how can he earn dividend from the company. Also ex-dividend the share price falls by the same amount. What dividend payout shows is the company has real cash / bank balance and is just not making profits in the books of account . Excessive dividend also shows that company does not know where to invest their cash and hence  high dividend yield may show that the company is at a mature stage and does not have any planned CAPEX and hence it may show a sign that the Company may not maintain its growth rate going forward. Dividend is not a very good indicator for investing but yes regular dividend payouts with low levels Debt/ Equity in addition to various other financial parameters may tell you that the company is not a bogus company. 

Also linking to forums like valuepickr and informing dimers of how to make their investment decisions is something I added to the post to make people aware that investing is not easy and neither should we follow anyones recommendations.

What I wrote is because the post suggests that someone is invested and if you are not invested its better you dont write post like XYZ is paying Interim dividend . There are 100's of companies paying dividend every quarter I hope this is nothing special . 

My last comment on this topic if u see the positives and take something out of my post good else nothing changes for me smile

Deal Subedar Deal Subedar
Admin
PaytmKaPoojari wrote:

@Sahil_Jain my intention at the first place was never to come to this thread. I saw the post on homepage and thats what triggered me in the first place to write in the thread.

Second the post topic does not make sense . If a person is not invested how can he earn dividend from the company. Also ex-dividend the share price falls by the same amount. What dividend payout shows is the company has real cash / bank balance and is just not making profits in the books of account . Excessive dividend also shows that company does not know where to invest their cash and hence  high dividend yield may show that the company is at a mature stage and does not have any planned CAPEX and hence it may show a sign that the Company may not maintain its growth rate going forward. Dividend is not a very good indicator for investing but yes regular dividend payouts with low levels Debt/ Equity in addition to various other financial parameters may tell you that the company is not a bogus company. 

Also linking to forums like valuepickr and informing dimers of how to make their investment decisions is something I added to the post to make people aware that investing is not easy and neither should we follow anyones recommendations.

What I wrote is because the post suggests that someone is invested and if you are not invested its better you dont write post like XYZ is paying Interim dividend . There are 100's of companies paying dividend every quarter I hope this is nothing special . 

My last comment on this topic if u see the positives and take something out of my post good else nothing changes for me smile

Thanks a lot for your last comment, too.😄
Just like you mentioned the risks involved in this investment, I have tried explaining the same over and over again. You may not see anywhere in the entire post where I would have asked or even recommended someone to buy the shares of this company.
Next about Vedanta not being the only company to pay dividends, agreed! But it is one of those major companies that have been paying high dividends for a very long time. Many investors simply refrain from trading in a volatile market. Rather, they would wait for such companies to announce their dividend throughout the year.

Also, I agree that the shares' value would definitely drop a lot after the record date of the dividend. But what if someone is smart enough to wait for the share price to rise again? And, there would be many shareholders who would make more money per share with dividends than they would lose when the price drops. But then too, does this post says anywhere that one should buy these shares? I guess not.

Lastly, we may not have covered such news for so long, but after seeing many dimers' interest in the given topic, it is only natural for us to make such articles, right? The sole intention of this post was to let our readers know that this firm is about to have a meeting where it would likely discuss its dividend payout, nothing else. If a topic does not make sense to you, it's understandable. But the same topic can be useful for others, especially for those who are not as knowledgeable as you and are still trying to learn, my friend.

You can even go through our article on Keystone Realtors' IPO, where we have tried reaching out to everyone who might be interested in such news. 

I hope this answer helps you understand my point of view too, and DD is a helping community, so we will always welcome all of your doubts wholeheartedly.
Deal Subedar Deal Subedar
This means that all those shareholders who would have Vedanta shares in their portfolio till November 30 will get the dividend too. So if you are planning to make some quick money from the stock market while investing in a trusted firm, you may invest in Vedanta Ltd.

And while trying to make that quick money, one shouldn't get surprised as the price will fall to adjust the dividend paid out on the ex-dividend date!

Ideal strategy should be buying the dip after ex dividend dates and go for the long haul. Repeat after each dividend paid for buying at cheap and reaping dividends in the long run as well as averaging at low prices... Make it a portfolio stock and don't sell unless company fundamental/dividend policy drastically changes.

Deal Subedar Deal Subedar
Admin
agnivo007 wrote:
This means that all those shareholders who would have Vedanta shares in their portfolio till November 30 will get the dividend too. So if you are planning to make some quick money from the stock market while investing in a trusted firm, you may invest in Vedanta Ltd.

And while trying to make that quick money, one shouldn't get surprised as the price will fall to adjust the dividend paid out on the ex-dividend date!

Ideal strategy should be buying the dip after ex dividend dates and go for the long haul. Repeat after each dividend paid for buying at cheap and reaping dividends in the long run as well as averaging at low prices... Make it a portfolio stock and don't sell unless company fundamental/dividend policy drastically changes.

💯💯💯
Yes, the best strategy is always to invest for a longer period of time, rather than trading for a day or two. 
Thanks a lot for your input!
Deal Cadet Deal Cadet
Declared ₹17.50 as third interim dividend
Deal Subedar Deal Subedar
Admin
dalmiara255 wrote:
Declared ₹17.50 as third interim dividend
Thanks a lot for informing us!
Will update the article right away
Deal Subedar Deal Subedar
Admin
mojo_jojo123 wrote:

it fell today

Yess
Investors must have realized the risk of holding it now as the share price may fall further after the record date. Or, they might repurchase those shares after the dip. 
Commentator Commentator
pratikpanchal33104 wrote:
Is it the right time to invest in this company right now?
Dont put whole money buy few quantities and wait if fall more then buy more
Deal's Advocate Deal's Advocate
Who all are eligible to get the dividend? I am eligibility criteria?
Deal Subedar Deal Subedar
Admin
Walter-O-Brien wrote:
Who all are eligible to get the dividend? I am eligibility criteria?
To get the dividend, you need to have Vedanta's share in your portfolio on its record date. Here, the record date is 30th November. 
Also, please do not buy any shares on or after 29th November as every trade gets settled in T + 2 days. The 29th of November is also the ex-date of Vedanta's dividend and you need to place your order before that only.
So, I would say if you plan on buying Vedanta's shares for its dividend, do it when the market opens again, that is on the 28th. 
Though, consider the share price too since it will take a nose dive after its record date.
Deal's Advocate Deal's Advocate
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Sahil_Jain wrote:
To get the dividend, you need to have Vedanta's share in your portfolio on its record date. Here, the record date is 30th November. 
Also, please do not buy any shares on or after 29th November as every trade gets settled in T + 2 days. The 29th of November is also the ex-date of Vedanta's dividend and you need to place your order before that only.
So, I would say if you plan on buying Vedanta's shares for its dividend, do it when the market opens again, that is on the 28th. 
Though, consider the share price too since it will take a nose dive after its record date.
Thanks for the information sir!
Deal Cadet Deal Cadet

Tell me the exact dates I can buy and sell, just for dividend gain. Thanks in advance.

Deal Subedar Deal Subedar
Admin
rsnit wrote:

Tell me the exact dates I can buy and sell, just for dividend gain. Thanks in advance.

You can buy the share tomorrow and sell it on the 30th of November or later to get its dividend. But this may not be a good idea since Vedanta's share price would decrease a lot on the 30th. So it's better to first reconsider your decision. 
Deal Newbie Deal Newbie
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Sahil_Jain wrote:
You can buy the share tomorrow and sell it on the 30th of November or later to get its dividend. But this may not be a good idea since Vedanta's share price would decrease a lot on the 30th. So it's better to first reconsider your decision. 


With the start of Road Shows for residual stake sale by the Government of India in HZL, I do not see much of the downside in Vedanta. Vedanta will likely to acquire 5% more in HZL to 70%. 


Deal Subedar Deal Subedar
Admin
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navish wrote:


With the start of Road Shows for residual stake sale by the Government of India in HZL, I do not see much of the downside in Vedanta. Vedanta will likely to acquire 5% more in HZL to 70%. 


Correct!
But not all investors know that, right? Many would have invested in Vedanta after its dividend announcement just to make some quick money, this increased the shares' price. And after the record date, most of them will sell those shares and the share price would take a huge hit.
So even if someone plans on buying Vedanta's shares for the long/mid-term, they should wait till the 30th of November or later. 
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