InvestorQ : Can you tell me about the interim dividend declared by Vedanta?
Katherine Gonsalves made post

Can you tell me about the interim dividend declared by Vedanta?

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rhea Babu answered.
3 months ago
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The board of Vedanta Ltd, which is part of the Anil Agarwal global group, has approved an interim dividend payment of Rs.18.50 per share for FY22. This will entail a total dividend pay-out of Rs.6,877 crore. As you are aware, now there is no DDT on the dividends but the recipient of the dividend has to show it as their income and it would be taxed at the incremental rate of tax applicable to them.

The record date for the dividend payment has been set at 09-Sep for shareholder register. What is interesting to note is that Hindustan Zinc, a 64.92% subsidiary of Vedanta, had recently announced deferment of its interim dividend. Vedanta had shown record profits in Jun-21 quarter on buoyant ore prices. As per dividend distribution policy of Vedanta, it is supposed to pass on the entire dividend received from HZL.

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