This company Vedanta paid a dividend of Rs 8.5 per share last term and annual yield of 5

Vedanta Board approved a fourth term assignments of Rs 8.5 per share in FY25, making the total dividend payout for this financial year Rs 43.5 per share. The record date for the dividend is set as December 24, 2024, confirming eligibility for shareholders holding stock on that date.

The decision follows the company’s three previous interim dividends, which reached Rs 35 per share. The latest payout of Rs 20 per share was announced in September, following earlier payouts of Rs 11 and Rs 4 per share.

Vedanta’s dividend history remains strong, with 45 payouts since 2001, according to Trendlyne data. The company’s stock performed exceptionally well in 2024, delivering gains of more than 100 percent, after steep declines in 2022 and 2023.

In Q2 FY25, Vedanta reported a profit of Rs 5,603 crore, a sharp recovery from a loss of Rs 915 crore in the same period last year. While revenue fell by four percent year-on-year to Rs 37,171 crore, EBITDA margins improved to 26.1 percent.

Investors remain optimistic about Vedanta’s financial stability and continued profitability record, keeping the stock grounded amid recent market volatility.

(This is a developing story. Stay tuned for more updates)