Vedanta Resources plc (VED) Declares Dividend of GBX 26.92
Vedanta Resources plc (LON:VED) declared a dividend on Wednesday, May 24th. Investors of record on Thursday, July 20th will be paid a dividend of GBX 26.92 ($0.35) per share on Wednesday, August 23rd. This represents a dividend yield of 4.24%. The ex-dividend date of this dividend is Thursday, July 20th. This is a positive change from Vedanta Resources plc’s previous dividend of $16.08. The official announcement can be accessed at this link.
Shares of Vedanta Resources plc (LON:VED) traded down 0.79% on Wednesday, hitting GBX 630.50. The company had a trading volume of 734,488 shares. The company has a 50-day moving average of GBX 697.17 and a 200 day moving average of GBX 860.79. Vedanta Resources plc has a 12 month low of GBX 360.80 and a 12 month high of GBX 1,112.50. The stock’s market cap is GBX 1.74 billion.
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Several analysts recently commented on the stock. Goldman Sachs Group Inc lowered shares of Vedanta Resources plc to a “buy” rating and set a GBX 950 ($12.36) target price for the company. in a research note on Tuesday, April 25th. Deutsche Bank AG cut their target price on shares of Vedanta Resources plc from GBX 1,050 ($13.66) to GBX 1,000 ($13.01) and set a “hold” rating for the company in a research note on Tuesday, February 21st. Jefferies Group LLC reissued a “hold” rating and set a GBX 850 ($11.06) target price on shares of Vedanta Resources plc in a research note on Monday, May 15th. JPMorgan Chase & Co. cut their target price on shares of Vedanta Resources plc from GBX 850 ($11.06) to GBX 700 ($9.11) and set a “neutral” rating for the company in a research note on Tuesday, May 2nd. Finally, Credit Suisse Group AG raised shares of Vedanta Resources plc to a “neutral” rating and increased their target price for the company from GBX 750 ($9.76) to GBX 800 ($10.41) in a research note on Thursday, March 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Vedanta Resources plc currently has an average rating of “Hold” and an average target price of GBX 810 ($10.54).
Vedanta Resources plc Company Profile
Vedanta Resources plc is a natural resources company, which is engaged in exploring, extracting and processing minerals, and oil and gas. The Company produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas, and commercial power. Its operations are located in India, Zambia, Namibia, South Africa, Liberia, Ireland, Australia and the United Arab Emirates.
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