Shares of Vedanta dipped into the red after opening higher on Thursday as the firm considers a fourth interim dividend for the year.

What Happened: Mining giant Vedanta said that its board of directors would meet on October 8 to consider the approval of the fourth interim dividend for FY25. If declared, the record date for the dividend has been set for October 16.

This follows the company's earlier dividend payouts for the current financial year. Earlier this month, Anil Agarwal-led Vedanta approved a third interim dividend of ₹20 per share, bringing the total dividend payout for FY25 so far to ₹13,474 crore.

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In July 2024, Vedanta's board approved a second interim dividend of ₹4 per share, amounting to ₹1,564 crore, and in May, the company declared its first interim dividend of ₹11 per share, totalling ₹4,089 crore.

Vedanta’s robust dividend distribution continues from its performance in FY24, when the company declared a total interim dividend of ₹29.5 per share, which amounted to ₹10,966 crore.

The steady dividend payouts and capital appreciation have contributed to a 276% total shareholder return and a 65% dividend yield over the past five years as of June 30, according to the company’s investor presentation.

In the first quarter of FY25, Vedanta's profit after tax saw a significant 54% year-on-year increase, reaching ₹5,095 crore.

Price Action: Vedanta’s share price was down 0.48% at ₹477.55 in the early hours of trade on Thursday. The stock opened around 2% higher before giving up all its gains.

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