Vedanta among 6 stocks to trade ex-dividend tomorrow; last date to buy for eligibility

Metal major Vedanta among 5 other companies are likely to remain in focus today as they have set September 10 as the record date to determine shareholders who are eligible for dividend payments.

This means today is the last day to buy shares of these companies to qualify for the announced dividends.

The board of Vedanta had fixed a third interim dividend of Rs 20 per share for the financial year 2024-25, earlier in this month.

“We wish to inform you that the Board of Directors of Vedanta Limited, at its meeting held today i.e. Monday, September 02, 2024, has considered and approved the Third Interim Dividend of ₹ 20/- per equity share on face value of ₹ 1/- per equity share for the Financial Year 2024-25 amounting to c. ₹ 7,821 Crores,” the company had said in a filing to the exchanges.

In the past 12 months, Vedanta has declared an equity dividend amounting to Rs 26 and at the current share price of Rs 460, Vedanta’s dividend yield is 5.65%, according to the data available on Trendlyne.The shares of Vedanta closed 1.5% lower at Rs 460 on BSE on Friday.

Here are other stocks, as per StockEdge that will start trading on an ex-dividend basis from Tuesday:

DAPS Advertising announced a dividend of Rs 0.15 per share.

Manali Petrochemicals announced a dividend of Rs 0.75 per share.

MSTC Ltd will pay a final dividend of Rs 5 per share.

National Plastic Technologies declared a dividend of Re 1 per share.

Syrma SGS Technology announced a dividend of Rs 1.5 per share.

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