Vedanta Dividend Approaches: Last Day to Acquire Eligible Shares for ₹11 Distribution
Vedanta Share Price Gains 2.22% Amid Dividend Record Date
On Wednesday, Vedanta shares rose by 2.22% to ₹666.25 apiece on the BSE, driven by strong buying momentum ahead of the dividend record date. The mining major had announced a ₹11 per share dividend, with investors required to purchase shares by March 25 to be eligible for the payout.
The Board of Directors of Vedanta approved the third Interim Dividend of ₹11 per equity share on March 23, amounting to ₹4,300 crore for the Financial Year 2025-26. The dividend record date has been set as March 28, but the Indian stock market will be closed on this day due to the weekend. As a result, investors must purchase shares by March 25, the last trading day before the market holiday on March 26 (Shri Ram Navami).
With the T+1 settlement rule, investors who buy Vedanta shares on March 25 are likely to receive the shares in their demat accounts on March 27, before the dividend record date. This makes March 25 the last day to buy Vedanta shares to receive the ₹11 per share dividend.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Vedanta has announced dividends three times in FY26 so far, with a total dividend of ₹34 declared in the current financial year. The company's share price performance is notable, with a 44% rally on a six-month basis and multibagger returns of 146% in two years and 200% in five years.
Investor Takeaway
Investors should buy Vedanta shares by March 27 to be eligible for the ₹11 dividend.
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