๐ฐ Vedanta Share Price: 27 December 2023 ๐ฐ
๐ Vedanta Limited, also known as Vedanta Limited, is a stock that offers an annual return of 20-30% through dividends.
๐ On Wednesday (27 December 2023), the share was trading at โน252 with a decline of 3.76%.
๐ธ The company is prepared to pay a dividend of โน11 per share at this time.
๐
The record date and ex-dividend date for Vedanta’s dividend are approaching.
๐ On 27 December, the number of shares in Vedanta’s account will be multiplied by 11, and the money will be transferred to the shareholder’s bank account.
๐ต Please note that the share should be deposited in the demat account on 27 December.
๐ฐ The dividend amount is subject to TDS deduction. For example, if you have 100 shares, you will be eligible for a dividend of โน1,100. However, 10% TDS will be deducted from this amount, resulting in โน1,000 in your account.
๐ Why is Vedanta Limited the Dividend King?
๐ Vedanta Limited has a history of paying generous dividends, earning it the title of “Dividend King” in the stock market.
๐ The company consistently offers such high dividends that no other safe investment option can come close to its returns.
๐ฐ Currently, Vedanta is providing a dividend of 1,100% on its face value of โน1 per share.
๐ Dividend percentages for all companies are calculated based on their face value. Vedanta is once again offering an interim dividend.
๐ธ In other words, the company is distributing โน4,089 crores to investors before the earnings figures are released.
๐ Compared to last year, this year’s dividend has decreased by 23%.
๐
In 2023, the company distributed a total dividend of โน62.50, which is approximately 23% based on the current market value.
๐ฐ If the company continues to offer the same returns for the next five years, today’s investment will double.
๐ In 2020, the company provided a dividend of โน81.50.
๐ต In January 2022, the share price of Vedanta was around โน330, indicating that the price was higher than it is now.
๐ So, keep an eye on Vedanta Limited and take advantage of its dividend offerings! ๐ฐ
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
