Vedanta shareholders are earning tremendous profits this financial year. They are getting dividend payments continuously amidst the tremendous rise in the share prices. Shareholders have already received dividend payments twice in the current financial year. Now the company has announced dividend for the third time. This time the company is going to distribute about Rs 8 thousand crores as dividend to its shareholders.
You will get this much money on every share
Mining and metal sector giant Vedanta announced its third dividend on Monday. The company said that it is going to pay dividend to its shareholders for the third time in the current financial year. This time investors will get Rs 20 as dividend on every share. In this way, the company will pay a total of Rs 7,821 crore to the shareholders in the form of dividend.
It has already paid so much dividend
Vedanta had earlier given the first dividend of the current financial year in May. At that time, the shareholders of the company got a dividend of Rs 11 on each share. After that, the company gave a dividend of Rs 4 on each share to the shareholders in the month of July. Now a dividend of Rs 20 is going to be given on each share. In this way, in the current financial year, the dividend payment on each share of Vedanta will increase to Rs 35.
Shares strengthened after the announcement
After the announcement of dividend, Vedanta’s shares are witnessing a rise. On Tuesday at 11:30 am, Vedanta’s share was trading at Rs 465.90 with a rise of 0.40 percent. Vedanta’s share has strengthened by about 13 percent in the last one month and about 70 percent in 6 months. Since the beginning of this year, the stock has made a profit of more than 80 percent.
The company recently raised funds
Vedanta recently raised Rs 3,100 crore by selling 1.5 per cent stake in its subsidiary Hindustan Zinc. Prior to that, the company had managed to raise Rs 8,500 crore through Qualified Institutional Placement (QIP) in July.
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