Vedanta extends record dividend spree with $83m bonanza
Vedanta will award a dividend of 68.8-billion rupee ($830-million), the first payout in the fiscal year to March 2024 after five rounds of generous payments last year. Anil Agarwal’s Indian miner will pay an interim dividend of 18.50 rupees per share, according to an exchange filing dated May 22. The Mumbai-based company’s move follows last year’s record payout of $4.6-billion, which helped its debt-laden parent Vedanta Resources Ltd.
Source: miningweekly.com
