If you buy even 1000 of these stocks before 23 May, you will get 11,000 rupees sitting at home

Highlights

Vedanta is in mining and metal related business.The name of its founder is Anil Agarwal.Vedanta recently released its fourth quarter results.

New Delhi. Earning from the share market is mainly done by the rise and fall of shares. But dividend is one such method which is not affected by the fluctuations in the shares. It is a fixed amount given by the company to its shareholders. The company usually shares the profit made in the business with its shareholders in the form of dividend. Now the country’s well-known mining company Vedanta Limited has announced dividend for its shareholders. If you are its shareholder, then you will get Rs 11 on every share without doing anything.

The company’s board has approved a dividend of Rs 4089 crore. Vedanta has also fixed a record date for this. 25 May has been made the record date. On the record date, the company sees how many shareholders it has. However, if you want to take advantage of the dividend, then you should have the company’s shares before that.

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Buy the stock before the ex-dividend date
The ex-dividend date is one day before the record date. If the shares arrive in your demat account before this day, you will get the benefit of dividend. If you buy shares on or after this day, you will not get the benefit of dividend. The price of one share of Vedanta is Rs 433.60 on NSE. On Thursday, this share closed with a decline of 0.87 percent. In the last 6 months, this share has increased by more than 81 percent. However, its return in 1 year is seen to be only 55 percent.

Vedanta quarterly results
The company got a revenue of Rs 34,937 crore in the March quarter of the last financial year. During this period, its net profit fell by 27 percent on an annual basis to Rs 6025 369 crore. Talking about the full financial year, the profit fell from Rs 10,574 crore to Rs 4239 crore on an annual basis. During this period, the company’s revenue fell from Rs 1,45,404 crore to Rs 1,41,793.

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Tags: Stock market, Stock tips

FIRST PUBLISHED : May 16, 2024, 19:40 IST