Wed Oct 09 05:47:02 UTC 2024: ## Vedanta Board to Meet on Potential Fourth Interim Dividend

**Mumbai, October 10, 2024:** Vedanta Ltd. is set to convene a Board of Directors meeting on Wednesday to discuss the possibility of declaring a fourth interim dividend for the fiscal year 2024-25. The meeting, originally scheduled for October 8, was postponed due to unforeseen circumstances.

The anticipation of the board’s decision on the dividend impacted Vedanta’s share price, which opened lower on Wednesday, dipping by 1.67% before partially recovering.

Vedanta has already declared three interim dividends this fiscal year, totaling Rs 35 per equity share. The latest dividend, approved on September 2, 2024, amounted to Rs 20 per share and totaled Rs 7,821 crore.

The scrip’s performance today reflects the market’s interest in the potential fourth dividend. It has shown a 125.85% rise in the last 12 months, and the current traded volume is 0.21 times its 30-day average.

Analyst sentiment remains positive for Vedanta, with eight out of 14 analysts recommending a ‘buy’ rating, while five suggest ‘hold’ and one suggests ‘sell’. Despite the potential for a fourth dividend, the average 12-month consensus price target implies a slight downside of 0.8%.

Investors will be closely watching the outcome of the board meeting, hoping for a positive decision on the potential fourth interim dividend.

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