Vedanta Resources plc (VED) To Go Ex-Dividend on November 23rd
Vedanta Resources plc (LON:VED) announced a dividend on Friday, November 10th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 23rd will be paid a dividend of GBX 18.31 ($0.24) per share on Thursday, December 14th. This represents a yield of 2.18%. The ex-dividend date of this dividend is Thursday, November 23rd. The official announcement can be accessed at this link.
Shares of Vedanta Resources plc (VED) opened at GBX 793.50 ($10.44) on Wednesday. Vedanta Resources plc has a 52 week low of GBX 558.50 ($7.35) and a 52 week high of GBX 1,112.50 ($14.63).
In other news, insider Tarun Jain sold 4,176 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of GBX 813 ($10.69), for a total transaction of £33,950.88 ($44,654.58).
VED has been the topic of a number of recent research reports. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 840 ($11.05) target price on shares of Vedanta Resources plc in a report on Monday, July 31st. Barclays PLC reaffirmed an “underweight” rating on shares of Vedanta Resources plc in a report on Thursday, November 2nd. J P Morgan Chase & Co raised their target price on Vedanta Resources plc from GBX 600 ($7.89) to GBX 650 ($8.55) and gave the stock a “neutral” rating in a report on Wednesday, October 11th. Finally, Jefferies Group LLC raised their target price on Vedanta Resources plc from GBX 575 ($7.56) to GBX 700 ($9.21) and gave the stock an “underperform” rating in a report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Vedanta Resources plc presently has an average rating of “Hold” and an average target price of GBX 814.38 ($10.71).
About Vedanta Resources plc
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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