Dividend Announcement: Vedanta announces first interim dividend of Rs 18.50 per share

The shareholders of Vedanta would be happy to know that the Board of Directors of the Company in its meeting held on Wednesday, September 01, 2021, have approved First Interim Dividend of Rs 18.50 per share. This essentially means that the dividends will be 1850 per cent on face value of Re. 1/- per share for the Financial Year 2021-22 amount to Rs 6,877 crores.

The record date for the purpose of payment of dividend is Thursday, September 9, 2021.

The share price of Vedanta slipped by 1.29 per cent on Wednesday. Vedanta share price increased by more than 127 per cent in one year while in 2021 alone the stock gained by 86 per cent. In one month, the stock has underperformed heavily as it declined by 4.58 per cent when Sensex has gained by more than 8 per cent.

Vedanta share price is trading above the 20D SMA and was seen taking support at its 30D EMA on Wednesday. The stock bounced from its 30D EMA. In the past five sessions the stock is up by more than 3 per cent.