The Vedanta board had approved the proposal on Tuesday to declare fifth interim dividend of Rs.20.50. The company has fixed 7 April 2023 as the dividend record date. The total cash outgo would be Rs.7621 crore.
Along with latest March dividend, The Anil Agarwal led company this year has paid along Rs.37,733 crores, Vedanta’s highest ever total dividend outgo. The company had announced its first interim dividend of Rs.31.50 per equity share in April 2022 amounting to Rs.11,710 crore. Its second interim dividend of Rs. 19.50 per equity share amounting to Rs. 7250 crore came in July 2022.
The third interim dividend followed in November 2022 when the company announced Rs.17.50 per share amounting to Rs.6505 crore. In January 2023, the company announced fourth interim dividend of Rs. 12.50 per share amounting to Rs. 4647 crore. Previous four interim dividend have together amounted to Rs.81 per share.
“Approved the fifth interim dividend of ₹20.50 per equity share i.e., 2050 per cent on face value of ₹1/‐ per share for the financial year 2022‐23 amounting to ₹7,621 crores. ” the company said in a regulatory filing.Meanwhile, Vedanta acting CFO Ajay Goel has resigned from his position with effect from April 9 2023. The company would be announcing the successor in due course.
“The Company and Board placed on record its appreciation for the commitment and contribution made by him during his tenure and wish him very best for his future endeavors,” the company’s statement said.
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