Dividend Adjustment Of VEDL For March 2023

Find out all the information about the Dividend Adjustment of VEDL for March 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how Vedanta Limited will adjust its dividends according to SEBI regulations.

VEDL Limited announced the Fifth Interim Dividend of ₹ 20.50 per share on March 28, 2023. This translates to a yield of 7.52% based on the closing price of ₹ 272.75 on March 27, 2023. The ex-dividend date is set for April 6, 2023, with the record date for dividend payment scheduled for April 7, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in futures and options markets. In compliance with these rules, VEDL will adjust its dividends in both the futures/options and cash markets.

Dividend Adjustment Of VEDL For March 2023

Dividend Adjustment of VEDL for March 2023 in the Cash

Investors who buy VEDL shares on or before April 5, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of VEDL for March 2023 the Futures

In the futures market, VEDL’s futures contracts will be adjusted by subtracting the dividend amount from the April 5, 2023 closing price. For instance, if VEDL closes at ₹ 280.50 on April 5, 2023, one futures contract would be worth ₹ 280.50 x 2000 = ₹ 5,61,000. The next working day, April 6, 2023, the value of the same contract would be adjusted to ₹ 260 x 2000 = ₹ 5,20,000. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of VEDL for March 2023 in the Options

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. April 27, 2023, and those expiring on, and May 25, 2023, and June 29, 2023. This can be understood through the table given below:

VEDL dividend adjustment

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