Vedanta, Polycab dividend window closes today. Last chance to buy for eligibility

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The shares of Anil Agarwal-led Vedanta and wires & cables manufacturer Polycab India will start trading on an ex-dividend basis from Tuesday, as these companies had fixed June 24 as the record date for determining the shareholder eligibility.Vedanta had declared its first interim dividend for FY26 of Rs 7 per share, while Polycab India had announced a final dividend of Rs 35 per share for their eligible shareholders.The record date for a dividend is the cut-off date set by a company to determine which shareholders are eligible to receive the declared dividend. Only those who are listed as shareholders in the company's books at the end of the record date are entitled to receive the payout.This means that if you want to receive the dividend, you must purchase the shares at least one trading day before the ex-dividend date, because India follows the T+1 settlement cycle (trades take one day to settle).The Board of Directors of Vedanta, in a meeting held earlier last week, approved the first interim dividend for the financial year 2025–26. The dividend amount is Rs 7 per equity share, and each share has a face value of Re 1.This means that for every share you own, you'll receive Rs 7 as a dividend. The total payout to all eligible shareholders amounts to approximately Rs 2,737 crore.'In continuation to our Letter No. VEDL/Sec./SE/25-26/45 dated June 13, 2025 and pursuant to Regulation 30 of SEBI Listing Regulations, we wish to inform you that the Board of Directors of Vedanta Limited (the 'Company'), at its meeting held today i.e. Wednesday, June 18, 2025, has considered and approved the First Interim Dividend of Rs 7/- per equity share on face value of Rs 1/- per equity share for the Financial Year 2025-26 amounting to c. Rs 2,737 Crores,' said Vedanta in a regulatory filing.Over the last 12 months, Vedanta has announced a total equity dividend of Rs 32.50 per share. Based on a share price of Rs 447.10, this translates to a dividend yield of 7.27%, according to Trendlyne data.On Friday, Vedanta shares closed 1.7% higher at Rs 446.95 on the BSE.The board of Polycab India recommended a final dividend of Rs 35 per share, which is 350% of the face value (Rs 10) of each equity share for the financial year 2024–25. Only shareholders who meet the conditions by the end of business on Tuesday, June 24, (the Record Date) will be eligible to receive the dividend.'The Dividend of Rs 35/- (350%) per equity share of face value of Rs 10/- each, as recommended by the Board of Directors for the financial year 2024-25, if approved at the 29 th AGM, would be paid subject to deduction of tax at source, as may be applicable, after July 01, 2025, to those persons or their mandates: a) whose names appear as Beneficial Owners as at the end of the business hours on Tuesday, June 24, 2025 (Record date) in the list of Beneficial Owners to be furnished by National Securities Depository Limited and Central Depository Services (India) Limited in respect of the shares held in electronic form,' the company said in a filing to the stock exchanges.According to Trendlyne data, over the last 12 months, Polycab India has declared a total equity dividend of Rs 30 per share. Based on the market price of Rs 6,000.50, this results in a dividend yield of 0.50%.Polyab India shares ended 3% higher at Rs 6,000.20 on the BSE on Friday.Other than Vedanta and Polycab India, the shares of Alkyl Amines Chemicals will also start trading ex-dividend from Tuesday.The company had announced a final dividend of Rs 10 per share for its shareholders.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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