Vedanta board to consider fourth interim dividend

Vedanta Ltd will consider its fourth interim dividend for the current fiscal in October, the company said in an exchange filing on Wednesday. The board meeting to consider the dividend will be held on October 8, Tuesday, while the record date for the dividend payout, if declared, will be October 16, Wednesday.

The natural resources major had announced a dividend of ₹20 per share earlier this month, amounting to a payout of ₹7,821 crore. It had also announced a dividend of ₹11 per share in May, followed by a dividend of ₹4 per share in July. Vedanta has already announced a dividend of ₹35 per share so far this year, while its shares have risen nearly 77% since April, and hit a lifetime high in May this year.

The company recently sold a 1.5% stake in its subsidiary Hindustan Zinc through which it raised ₹3,100 crore. In July, it also raised ₹8,500 crore through a qualified institutional placement.