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Bond Market News
Vedanta Ltd. Considering Second Interim Dividend Payout
July 24, 2024
Vedanta announced that it would consider a second interim dividend payout for the current financial year in its board meeting on July 26. The record date has been fixed as August 3. The exact amount and size of dividend is yet to be finalized. Vedanta has been a regular dividend payer in the recent past and had given an INR 11/share ($0.13/share) first interim dividend earlier this year. They had also distributed three interim dividends in the previous calendar year of INR 11 ($0.13), INR 18.5 ($0.22) and INR 20.5 ($0.24) in December, May and February 2023 respectively.
Vedanta’s dollar bonds were steady with its 9.25% 2026s at 95.44, yielding 12.2%.
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