Vedanta is in the clear as the board meets to decide on the fourth interim dividend for FY25 today

Vedanta’s board meeting, which is ongoing, will decide the fourth interim quota. The company has set December 24 as the record date, confirming the eligibility of shareholders.

This meeting was postponed in October due to unforeseen reasons.

The mining giant has declared three interim dividends for FY25, amounting to Rs 35 per share. Its latest payout of Rs 20 per share came in September, following previous dividends of Rs 11 and Rs 4.

Vedanta has a rich history of dividends, announcing 45 dividends since 2001, per Trendlyne data.

Performance increased in FY25

Vedanta shares have doubled in value this year, delivering a stellar 102% year-to-date return. The company’s Q2 FY25 performance saw a profit of Rs 5,603 crore, a sharp turnaround from the loss of Rs 915 crore recorded in the same period last year.

While income from operations fell 4 percent year-on-year to Rs 37,171 crore, EBITDA for the July-September quarter stood at Rs 9,828 crore, with margins at 26.1 percent.

The hope of investors

The stock’s recent rise is in line with market optimism over the company’s strong earnings record and financial stability. The trading window for Vedanta securities remains closed from December 12 to December 18 due to the upcoming board meeting.

Investors are looking forward to the company’s dividend announcement as it continues to strengthen its position in the market.