Vedanta Dividend: 20 lakh retail shareholders await reward after ₹17,000 crore bounty in FY25

Shareholders of Vedanta Ltd. are looking forward to Wednesday’s trading session, as the company will be holding a board meet to consider the first interim dividend proposal for the current financial year.

The Anil Agarwal-owned mining conglomerate had paid ₹43.5 as dividend to its shareholders in financial year 2025, resulting in a total outgo of over ₹17,000 crore. Over the last four financial years, the company has paid over ₹200 per share to its shareholders as dividend.

Financial Year	Dividend Per Share (₹)	Total Outgo (₹ Crore)
FY25	43.5	17,010
FY24	29.5	10,953
FY23	101.5	37,729
FY22	45	16,727

Vedanta has doled out over ₹80,000 crore as dividend for its shareholders, over the last four years, majority of which, has gone to its promoter, Vedanta Resources, whose stake has declined from over 65% to 56% currently.
Vedanta has close to 20 lakh retail shareholders, or those with authorised share capital of up to ₹2 lakh, who own a 11.25% stake in the mining conglomerate at the end of the March quarter.
The recent dividend announcement comes on the heels of its unit Hindustan Zinc, announcing a first interim dividend of ₹10 per share for its shareholders, resulting in Vedanta Ltd. receiving a payout of up to ₹3,000 crore, considering its stake in Hindustan Zinc.

In a note on May 1 this year, brokerage firm JPMorgan said that for financial year 2026, it anticipates the dividend payout from Vedanta to nearly halve, in comparison to financial year 2025 to ₹25 per share, and remain constant in financial year 2027 as well, at ₹27 per share.

Assuming that the number of outstanding shares of the company remain constant, the dividend payout for the next two years could be between ₹9,776 crore and ₹10,558 crore respectively.

“Vedanta has the highest dividend yield potential in our metals coverage and we also expect its earnings trajectory to improve. However, at current valuations, the risk-reward appears balanced,” JPMorgan wrote in its note.

The brokerage maintained its “neutral” rating on the stock with a price target of ₹445. Out of the 16 analysts that have coverage on Vedanta, 11 of them have a “buy”, four have a “hold” rating, while one has a “sell” recommendation.

Shares of Vedanta are trading 1.1% higher at ₹463.1. The stock has risen 5% in the last one month.