Vedanta on Tuesday declared a fifth interim dividend of Rs 20.50 per share, amounting to Rs 7,621 crore. With this, the Anil Agarwal-led mining big has introduced whole dividend of Rs 101.50 per share for FY23 to this point. The dividend funds for FY23 stood at Rs 37,733 crore.

Promoters held 69.69 per cent stake in Vedanta as of December 31. They might be entitled to Rs 5,311 crore within the fifth dividend. The document date for a similar is Friday, April 7, Vedanta mentioned.

Vedanta additionally introduced the resignation by performing Chief Monetary Officer (CFO) Ajay Goel efficient from shut of enterprise hours on April 9. Goel will pursue profession outdoors of the group.

“The corporate and board positioned on document its appreciation for the dedication and contribution made by him throughout his tenure and need him absolute best for his future endeavours. The corporate will announce the small print of the successor in the end and the identical shall accordingly be intimated to the inventory exchanges,” Vedanta mentioned.

Vedanta dividend

Earlier than this, Vedanta had introduced an interim dividend of Rs 12.50 per fairness share, amounting to Rs 4,647 crore. It introduced its third interim dividend of Rs 17.50 per share in November, amounting to Rs 6,505 crore. Its second interim dividend got here in July 2022 when the Anil Agarwal firm introduced a dividend of Rs 19.50 per share, amounting to Rs 7,250 crore.

Earlier than that, Vedanta introduced its first interim dividend of Rs 31.50 per share in April, amounting to Rs 11,710 crore. The 4 dividends that Vedanta paid earlier totalled Rs 81 per share and amounted to Rs 30,112 crore.   

The dividend yield for Vedanta at Tuesday’s closing worth of Rs 274.70 stood at 29.54 per cent. Vedanta introduced dividends of Rs 45 per share for FY22, Rs 9.50 per share for FY21 and Rs 3.90 per share in FY20.

The mining big had money and money equivalents of Rs 23,474 crore and gross debt of Rs 61,550 crore on a consolidated foundation, as on December 31, as per the latest quarterly outcomes. 

Not too long ago, Hindustan Zinc introduced its fourth interim dividend for FY23. The Anil Agarwal-led firm introduced a dividend of Rs 26 per share, amounting to Rs 10,986 crore. The dividend introduced by the world’s second-largest built-in zinc producer and sixth-largest silver producer globally will assist Vedanta earn Rs 7,132 crore in dividend payout on 2,74,31,54,310 shares it held within the firm as of December-end.

Vedanta held 64.92 per cent stake in Hindustan Zinc as of December 31.