Mon Dec 16 17:05:15 UTC 2024: ## Vedanta Board Meeting to Decide Fourth Interim Dividend; Stock Performance Strong

**Mumbai, India –** Vedanta Resources is holding a board meeting to finalize its fourth interim dividend for fiscal year 2025. The record date for eligibility has been set for December 24th. This meeting was rescheduled from October due to unforeseen circumstances.

The mining giant has already paid out three interim dividends totaling Rs 35 per share this fiscal year. The most recent payment of Rs 20 per share followed earlier payments of Rs 11 and Rs 4. Vedanta boasts a strong dividend history, having declared 45 dividends since 2001.

Vedanta’s strong financial performance is driving investor interest. The company’s Q2 FY25 results showed a significant turnaround, reporting a profit of Rs 5,603 crore compared to a loss of Rs 915 crore in the same period last year. While revenue dipped slightly, EBITDA reached Rs 9,828 crore, with margins at 26.1 per cent.

This positive financial news has translated into a stellar stock performance. Vedanta shares have surged over 100% year-to-date, recovering from declines in 2022 and 2023. However, the stock closed down 1.1% at Rs 513.7 on Monday, ending a two-day rally.

The trading window for Vedanta’s securities is closed from December 12th to 18th. Investors are closely watching the dividend announcement and the company’s continued market performance.

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