Vedanta dividend 2023 Latest Update: Good news! Check record date – Details for shareholders

 


Vedanta dividend 2023: A good news could come soon for the shareholders of Vedanta as the company is soon set to declare a fifth interim dividend for the financial year 2022-23. Billionaire Anil Agarwal-led company last week announced that its board will meet this week to consider and approve the fifth interim dividend.

Also Read– Stocks in focus: Vedanta, NHPC, Kalyan Jewellers, PNC Infratech, other stocks worth tracking today

“The meeting of the Board of Directors of the Company is proposed to be scheduled on Tuesday, March 28, 2023, to consider and approve the Fifth Interim Dividend on equity shares, if any, for the Financial Year 2022-23,” Vedanta Group said on Thursday, March 23.

Vedanta Dividend Record Date

The record date determines who will be eligible to receive the dividend. To earn a company’s dividend amount, the shareholder is requires to own the stock as on the record date. Vedanta, for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, has fixed April 7 as the record date.

Read More: ‘My Father Was Insulted In Parliament, Brother Was Given Names But…’: Priyanka Gandhi Fumes At BJP After Rahul’s Disqualification

Vedanta Dividend History

The company has already declared a total dividend of Rs 81 per share for the current financial year. An interim dividend of Rs 12.5 per share was announced by Vedanta in January 2023, Rs 17.50 in November 2022, Rs 19.5 in July 2022 and Rs 31.50 in April 2022.

Vedanta’s Dividend stood at Rs 45 per share for the financial year 2022.

Vedanta’s Dividend Payout

The recent interim dividend announcement by Hindustan Zinc, a Vedanta subsidiary, can have an impact on how much Vedanta pays in dividends to its shareholders. Hind Zinc declared its fourth interim dividend of Rs 26 on March 21.

Read More: Ram Navami Holiday 2023: Is commodity market shut?

Vedanta, if passes on this dividend fully, can pay a minimum dividend of Rs 19 per share. The dividend could’ve been higher had the sale of Zinc International not hit a roadblock. Vedanta was planning to sell its Zinc International business for around Rs 24,000 crore, which was opposed by the government.

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the Corona ep
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the Incom
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5% TDS on amounts exceedi
Read more