Vedanta to pay out Rs 7,250 cr, interim dividend at Rs 19.5/share

TeknikalRaman Examinations POSTED BY: Ranjeet Kumar PUBLISHED: 19th July, 22

Vedanta, a significant player in the mining and metals industries, paid a second interim dividend on Tuesday,

[{"selector":"#anim-675b6497-7e03-461e-8482-0ab5e6480439 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.999999745145633%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c038b504-9b1c-4c7a-bdc9-a137e2e6b5f9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ac6a6706-8a62-48fa-88bc-f474cbbc6847","keyframes":{"transform":["translate3d(0px, 157.01389%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-73798214-d399-4010-b450-ea2a5096d9b6","keyframes":{"opacity":[0,1]},"delay":1200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Credit : Pexels

bringing its total payout from two rounds of dividend announcements made so far in FY23 to Rs 18,960 crore.

[{"selector":"#anim-314957da-b0d6-4d32-aa70-428a59673c50 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.999999745145633%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8e4213ef-5b14-4a95-b9a6-799396e40073","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65cf87c5-63fd-4004-ad23-1ddd804020a8","keyframes":{"transform":["translate3d(0px, 139.15628%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b13e8411-1a03-497c-b2a7-6374ee4ddb71","keyframes":{"opacity":[0,1]},"delay":1200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Credit : Pexels

This is more than its entire dividend payment for FY22, which was Rs 16,740 crore, according to statistics gathered by BS Research Bureau.

[{"selector":"#anim-92c77924-6b2a-4a1e-82d4-08a81b52608c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.999999745145633%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1df926fd-4dee-470e-83e1-41590d62c92e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c9ad97cf-f6cd-4611-b8ab-8e314827d93c","keyframes":{"transform":["translate3d(0px, 143.96911%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f54ad012-f3c3-47fa-9850-72cf3133ff69","keyframes":{"opacity":[0,1]},"delay":1200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Credit : Pexels

The action by Vedanta comes shortly after its subsidiary, Hindustan Zinc, declared an interim dividend of Rs 21 per share last week.

[{"selector":"#anim-c5d39f20-5f46-423f-82a1-e870479f22b6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.999999745145633%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9a537477-f603-421c-9cc0-2e3dc0830543","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-24631280-02ad-4fb3-85db-2f4ddd185fa5","keyframes":{"transform":["translate3d(0px, 138.62150%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0b4749a-2dc3-4f18-ad42-0dec85bd856d","keyframes":{"opacity":[0,1]},"delay":1200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Credit : Pexels

Hindustan Zinc has estimated that paying out its dividend will cost Rs 8,873 crore.

[{"selector":"#anim-05d50b80-9aee-433c-816f-750f450b331b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.999999745145633%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d7c50cea-46f9-4407-8287-8c65a0141e08","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3bf871a4-ec08-4378-86b2-71febc6a4dde","keyframes":{"transform":["translate3d(0px, 168.58809%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-89e65a6d-72dd-42d6-9406-4de7dc1a24db","keyframes":{"opacity":[0,1]},"delay":1200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Credit : Pexels

The Government of India owns 29.5% of Hindustan Zinc, while Vedanta owns 64.9% of the business.

[{"selector":"#anim-95a47f46-3933-4a2c-88d8-c00846a5fd80 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.999999745145633%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6bd1a9de-3384-4f62-8db0-23da7dbc74a1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f6bc37d6-18d7-4ab9-8bbc-5b7e76eaf439","keyframes":{"transform":["translate3d(0px, 147.63887%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3c5daf08-e73c-41a0-9e9b-26bb90221251","keyframes":{"opacity":[0,1]},"delay":1200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Credit : Pexels

Vedanta told the stock market on Tuesday that the current dividend distribution round will result in an outflow of Rs 7,250 crore.

[{"selector":"#anim-ba1747f5-d9cd-4f79-8617-8f3c2b974d23 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.999999745145633%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d3deb8f9-90f4-42a3-8413-e8c4860e7e67","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2bd09808-a79b-43b8-be2a-142e4f43c8ac","keyframes":{"transform":["translate3d(0px, 127.92633%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-90dc501f-8668-4296-9e91-4520f5df52f6","keyframes":{"opacity":[0,1]},"delay":1200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Credit : Pexels

The business issued its first interim dividend of Rs 31 per share in April, which resulted in a loss of Rs 11,710 crore.

[{"selector":"#anim-a33b2351-e142-485d-9fb9-943ced1b8ecc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.999999745145633%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3a677780-2a68-4b08-90c4-97be7beb67d9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9aeda96b-7e6b-4488-95d0-83f97b9633b3","keyframes":{"transform":["translate3d(0px, 149.51389%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e23229b1-648c-4512-8331-35b659e3f0f6","keyframes":{"opacity":[0,1]},"delay":1200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Credit : Pexels

The Vedanta Resources dividend announcements coincide with the company's efforts to deleverage its balance sheet

[{"selector":"#anim-2f96510c-b1b7-4fac-91ba-cf3f97f2a8b5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.999999745145633%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0ac1535a-25fb-4fae-ad23-68920d6d2e74","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-66f62b36-a283-411a-b2f9-e6452ca4e11b","keyframes":{"transform":["translate3d(0px, 138.62150%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7b4e6fa6-8ce5-4b6c-9dfd-31cd387e0df0","keyframes":{"opacity":[0,1]},"delay":1200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Credit : Pexels

Watch our next Google Webstory about "jennifer lopez and ben affleck's wedding" by clicking below.

[{"selector":"#anim-14f7b143-035f-4110-ac29-12cdbd007102 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.999999745145633%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1e29c89c-cfeb-496c-af83-6e7a930a303d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7764058a-f9de-4163-b25b-76873ec3a8c8","keyframes":{"transform":["translate3d(0px, 173.26389%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-49b80c58-9c6b-4691-9ef5-45db30298541","keyframes":{"opacity":[0,1]},"delay":1200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Credit : Pexels Next Webstory