Vedanta shares fall over 3% after declaring first interim dividend for FY26
Vedanta shares fell over 3% to Rs 442 in Thursday's trade on the BSE after the company declared its first interim dividend of Rs 7 per share for FY26, amounting to approximately Rs 2,737 crore.
ADVERTISEMENT The announcement was made following a board meeting held on Wednesday. The record date for determining shareholder eligibility has been set for Tuesday, June 24, 2025. The dividend will be paid within the statutory timeline, the company said in a regulatory filing.
This dividend declaration follows Vedanta's Rs 3,028 crore stake sale in its subsidiary Hindustan Zinc Ltd (HZL), part of a broader strategy to deleverage its balance sheet and prepare for the proposed demerger into sector-specific verticals.
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Vedanta has consistently ranked among India's top dividend payers. According to Trendlyne data, the company paid a total dividend of Rs 32.50 per share in the previous fiscal year, translating to a dividend yield of 7.11% based on recent market prices.The company sold a 1.6% stake in Hindustan Zinc via an institutional block deal earlier on Wednesday. The stake sale, which raised Rs 3,028 crore, was executed through an accelerated bookbuild process and involved 66.7 million shares.
ADVERTISEMENT Vedanta said the capital raised would help "de-leverage the balance sheet and enhance financial flexibility" as it moves forward with its demerger into standalone entities. The company added that the transaction 'reflects continued investor confidence in Vedanta's strategic direction,' citing the group's operational improvements and long-term value creation focus.As of 12:21 p.m., Vedanta shares were down 3.1% at Rs 442.3 on the BSE. The stock has gained 0.88% over the past year and 0.5% year-to-date. However, it is down 4% over the past three months and has declined 10% over the last six months.
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