If you buy even Rs 1,000 of these stocks before May 23, you will get Rs 11,000 instantly.

New Delhi. Earnings from the share market mainly come from the rise and fall of the shares. But the dividend is one way that the volatility of the shares does not matter. It is a fixed amount paid by the company to its shareholders. A company usually shares business profits with its shareholders in the form of dividends. Now the country’s famous mining company Vedanta Limited has declared a dividend for its shareholders. If you are its shareholder, you will get Rs 11 per share without doing anything.

The company’s board has approved a dividend of Rs 4089 crore. Vedanta has also set a record date for this. May 25 has been made the record date. On the day of the record date, the company looks at how many shareholders it has. However, if you want to take advantage of the dividend, you must already own shares in the company.

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Buy stocks before the ex-dividend date.
The ex-dividend date is the day before the record date. If the shares arrive in your demat account before that date, you will get the dividend benefit. If you buy shares on or after that day, you will not get the benefit of the dividend. One share of Vedanta is priced at Rs 433.60 on the NSE. The stock closed down 0.87 percent on Thursday. This share has increased by more than 81% in the last 6 months. However, it has seen only 55% profit in one year.

Vedanta Quarterly Results
The company had a revenue of Rs 34,937 crore in the March quarter of last fiscal. During the period, its net profit fell by 27% year-on-year to Rs 6,025,369 crore. Talking about the full financial year, the company’s profit fell to Rs 4239 crore from Rs 10,574 crore on annual basis. The company’s revenue fell to Rs 1,41,793 crore from Rs 1,45,404 crore during the period.

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