Vedanta shares surge on dividend announcement. Metals major's board approved a third interim dividend of Rs 11 per equity share for financial year 2026, with a cumulative payout of Rs 4,300 crore. The stock jumped nearly 3% on the announcement, reflecting strong investor appetite for the company's consistent dividend policy. Vedanta has declared 49 dividends since 2001, maintaining a dividend yield exceeding 3.5% at current share prices. The record date for dividend eligibility is set for March 28. However, recent headwinds include a Supreme Court ruling against concessional diesel procurement and a setback in the Jaiprakash Associates acquisition bid to Adani Group, which pressured the stock lower over the past month despite strong six-month performance.
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