Vedanta shares to trade ex-dividend on Tuesday

Shares of Vedanta will trade ex-dividend on May 30 as the company announced an interim dividend of INR 18.5 per share for FY2023-24. The record date for equity shareholders eligibility has also been set for May 30. Vedanta is one of the highest dividend-paying stocks, having declared an equity dividend of INR 70 per share in the past twelve months, resulting in a dividend yield of 24.35%. However, the company’s March quarter earnings witnessed a 68% slump in profit due to decreasing metal prices. The stock is trading at INR 299 apiece on NSE.

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