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Vedanta Aluminium Metal declares ₹8 interim dividend post-demerger
Vedanta Limited has declared nearly 49 dividends since July 23, 2001, but the residual firm has not announced payouts after the spin-off.
Vedanta Limited has a long dividend track record, with the company declaring nearly 49 dividends since July 23, 2001, according to LiveMint Markets.
After the demerger, the residual Vedanta Limited has not announced any payout since the spin-off, while Vedanta Aluminium Metal is the only segment that has declared dividends.
LiveMint Markets reports that Vedanta Aluminium Metal announced an interim dividend of ₹8 per equity share, with a face value of Re 1 each, which equates to an 800% dividend of the stock’s face value.
The publication also notes that the last dividend announced by Vedanta Limited before the demerger was ₹11 per share.