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

Vedanta Third Interim Dividend News : Vedanta Ltd. has announced its Third 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: 03 Dec, 2022, 20:43 IST
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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 Credit Date

After the record date of 30th November, shareholders may get Vedanta's third interim dividend within a month. If we look at the company's past dividend-paying structure, it's likely that Vedanta would pay its dividend around 6 December. If not, then too the stakeholders need not worry. Their bank accounts will be credited with the dividend payment in December itself.

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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Sahil Jain is a personal finance and tech enthusiast who excels in matters related to tech and investment. His content revolves around mobile phone reviews, computers, operating systems, investments, credit cards, and other tech & finance topics.
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