Vedanta among 6 stocks to trade ex-dividend tomorrow; last date to buy for eligibility
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Metal major Vedanta among 5 other companies are likely to remain in focus today as they have set September 10 as the record date to determine shareholders who are eligible for dividend payments. This means today is the last day to buy shares of these companies to qualify for the announced dividends. The board of Vedanta had fixed a third interim dividend of Rs 20 per share for the financial year 2024-25, earlier in this month. “We wish to inform you that the Board of Directors of Vedanta Limited, at its meeting held today i.e. Monday, September 02, 2024, has considered and approved the Third Interim Dividend of ₹ 20/- per equity share on face value of ₹ 1/- per equity share for the Financial Year 2024-25 amounting to c. ₹ 7,821 Crores,” the company had said in a filing to the exchanges. In the past 12 months, Vedanta has declared an equity dividend amounting to Rs 26 and at the current share price of Rs 460, Vedanta’s dividend yield is 5....