Vedanta Focuses on 4th Interim Dividend Today
Vedanta’s share price is attracting attention as the company holds a board meeting today to discuss its fourth interim dividend. Originally scheduled for October 8, 2024, the meeting has been postponed to October 9 due to unforeseen circumstances.
Previous Dividend Announcements
In the current fiscal year, Vedanta Ltd has already declared three interim dividends: ₹20, ₹4, and ₹11 per equity share. Investors are drawn to Vedanta for its strong dividend yield. The latest dividend of ₹20 per share, approved on September 2, 2024, totals about ₹7,821 crores. Earlier in July, the company declared a second interim dividend of ₹4 per share, amounting to ₹1,564 crores, following the first interim dividend of ₹11 per share.
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Market Influences
The Vedanta share price is also being influenced by optimism about increased metal demand from China, the world’s largest consumer of commodities. Prices for base metals like aluminum, copper, zinc, and lead have been rising on the London Metal Exchange.
Additionally, the proposed plan to separate the aluminum, oil and gas, power, steel, and base metals operations into different companies is another factor keeping investors focused on Vedanta’s share price.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
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