Mon Dec 16 20:23:35 UTC 2024: ## Vedanta Declares ₹8.5 Interim Dividend, Fourth of FY25

**Mumbai, December 16, 2024** – Vedanta Limited, the metals and mining giant, announced its fourth interim dividend of ₹8.5 per equity share for the fiscal year 2024-25 (FY25), totaling ₹3,324 crore. This follows previous interim dividends of ₹11 in May, ₹4 in August, and ₹20 in September. The record date for the dividend payment is December 24th.

The company’s consistent dividend payouts have resulted in a total dividend of ₹46 per share over the past 12 months, yielding 8.96%. Since July 2001, Vedanta has declared 46 dividends.

The announcement coincided with positive news regarding a credit rating upgrade from India Ratings & Research (part of Fitch Group). The agency upgraded Vedanta’s non-convertible debentures (NCDs) to IND AA-, citing improved financial flexibility due to recent overseas fundraising.

Despite the positive dividend news, Vedanta’s share price closed at ₹513.40, down 1.21% on the BSE. The stock has performed strongly recently, however, showing a 97% increase year-on-year and a 15% rise in the past six months.

**Disclaimer:** *This news article summarizes information from public announcements. Investors should conduct their own research and consult with financial advisors before making investment decisions.*

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