Vedanta is a good stock to be kept in your portfolio considering its dividend-paying capacity in a year.
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Although, there’s no denying that the commodity cycle helped Vedanta to scale to the highest-ever revenue of INR 1,35,332 crores and consequently the highest profit of INR 18,802 crores in FY22, due to which dividends were quite high. Hence, if someone is solely looking at the company’s dividends in the last few quarters must understand the inherent risks in a commodity-based business. But since FY14 (at least), the company never skipped paying dividends to shareholders.
Subject: Adjustment of Futures and Options contracts in the security VEDL.
Corporate Action: Interim dividend of Rs. 17.50 per share
Ex-date : November 29, 2022
Adjustments for Futures Contracts: Base price on ex-date will be reference rate less aggregate amount of dividend i.e. Rs. 17.50 /-.
Adjustments for Options Contracts: The full value of dividend i.e. Rs. 17.50 /- would be deducted from all the cum-dividend strike prices on the exdividend date.
Update
Besides, a brokerage house expects Vedanta Ltd to pay a dividend per share (DPS) of ₹48/ ₹45 in FY24E/25E, implying a dividend yield of around 15% at CMP (current market price).
Edelweiss has maintained its ‘BUY" rating on Vedanta shares with a revised target price of ₹374 apiece (earlier ₹355).
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