Vedanta Resources plc Declares Dividend of GBX 16.08 (VED)
Vedanta Resources plc (LON:VED) announced a dividend on Thursday, November 10th. Investors of record on Thursday, November 17th will be given a dividend of GBX 16.08 ($0.20) per share on Thursday, December 15th. This represents a yield of 1.85%. The ex-dividend date is Thursday, November 17th. The official announcement can be seen at this link.
Shares of Vedanta Resources plc (LON:VED) opened at 864.50 on Friday. The company has a 50-day moving average price of GBX 658.15 and a 200-day moving average price of GBX 511.41. Vedanta Resources plc has a 1-year low of GBX 195.16 and a 1-year high of GBX 904.50. The company’s market cap is GBX 2.39 billion.
In related news, insider Tarun Jain sold 1,844 shares of Vedanta Resources plc stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of GBX 884 ($10.95), for a total transaction of £16,300.96 ($20,191.95).
A number of equities research analysts have weighed in on VED shares. Jefferies Group upgraded Vedanta Resources plc to a “hold” rating and lifted their target price for the stock from GBX 500 ($6.19) to GBX 800 ($9.91) in a report on Thursday. Deutsche Bank AG reissued a “buy” rating and issued a GBX 670 ($8.30) price objective on shares of Vedanta Resources plc in a research note on Tuesday, October 11th. Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 330 ($4.09) price objective on shares of Vedanta Resources plc in a research note on Monday, August 1st. Finally, Barclays PLC reissued an “underweight” rating and issued a GBX 460 ($5.70) price objective on shares of Vedanta Resources plc in a research note on Monday, October 24th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Vedanta Resources plc currently has an average rating of “Hold” and a consensus price target of GBX 441.50 ($5.47).
About Vedanta Resources plc
Vedanta Resources plc is a diversified natural resources company. The Company is engaged in exploring, extracting and processing minerals and oil and gas. The Company’s segments include Zinc-India, Zinc-International, Oil & Gas, Iron Ore, Copper-India/Australia, Copper-Zambia, Aluminum and Power. The Company produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas and commercial power and has presence across India, Zambia, South Africa, Namibia, Ireland, Australia, Liberia, United Arab Emirates and Sri Lanka.
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