Vedanta shares jump as dividend stock to consider interim dividend next week

Vedanta shares witnessed buying interest among stock market bulls during Friday deals as company board has announced to consider and approve first interim dividend for the financial year 2023-24.

Vedanta share price opened upside and went on to hit intraday high of ₹282.30 apiece levels on NSE.

However, Vedanta shares finished more than 1.25 per cent higher on the weekend session at ₹282.10 per share levels on NSE.

In the week gone by, Vedanta informed Indian stock market bourses that its board of directors are going to consider and approve first interim dividend for the financial year 2023-24 in its upcoming board meeting, which is scheduled on 22nd May 2023 i.e. on Monday next week.

The dividend stock also declared that Vedanta dividend 2023 record date has been fixed on 30th May 2023.

As per the information available on the official BSE website bseindia.com, Vedanta Ltd has declared five interim dividends in the financial year 2022-23. 

For fifth interim dividend of ₹20.50 per share, Vedanta dividend record date 2023 was fixed on 7th April 2023.

Prior to this, Vedanta traded ex-dividend on four occasions in FY23. It traded ex-dividend on 6th May 2022 for payment of ₹31.50 per share interim dividend to its shareholders.

On 26th July 2023, Vedanta Ltd once again traded ex-dividend for payment of ₹19.50 per share interim dividend to its shareholders.

On 29th November 2022, Vedanta Ltd once again traded ex-dividend for payment of ₹17.50 per share interim dividend. 

Likewise, on 3rd February 2023, Vedanta Ltd traded ex-dividend stock for payment of 12.50 per share.