What is the latest dividend declared by Vedanta and why is it paying out so much?

Vedanta Ltd, part of Anil Agarwal’s global metals and minerals conglomerate, has been one of the most aggressive dividend payers to the shareholders. Now, the company has agreed to pay the third dividend during the financial year. This decision to pay the third interim dividend in this fiscal has been driven by sharply higher commodity prices and the recent problems in Russia have only helped to fuel this rally in metals further.

Vedanta will pay a third interim dividend of Rs.13 per equity share to shareholders. The stock is already at its yearly highs on the back of surge in global commodity prices and attractive dividend yields. Earlier the company had paid a dividend of Rs.18.50 per share in Sep-21 and another dividend of Rs.13.50 in Dec-21. In this fiscal, the company has already paid Rs.45 per share, which at current prices is already a dividend yield of nearly 12%.