Rs 12.50/Share Dividend: Small Cap Paper Stock Sets Record Date

Small cap stock from the paper sector, Andhra Paper Ltd on July 4 fixed August 4, 2023 as the record date for dividend. Earlier this year on May 8, 2023, Andhra Paper announced a final dividend of Rs 12.50 per share on the equity share of Rs 10/- each. Andhra Paper shares offered return of 26% in last 1-year. Check details below:

Andhra Paper Sets Record Date For Dividend: As per the BSE filing of the company, "In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this 1s to inform that the Company has fixed Friday, August 4, 2023 as the "Record Date" for the purpose of Annual General Meeting and for determining the Members eligible to receive dividend for the financial year 2022-23, if approved."

Andhra Paper Declared Dividend On May 8, 2023: As per the regulatory filing of Andhra Paper, "Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of Directors at its Meeting held today i.e. May 8, 2023 has recommended a final dividend of Rs.12.50 on the equity share of Rs.10/¬ each, fully paid-up, (representing 125% of the paid-up value), for the financial year 2022-23. The dividend, if approved by the Members at the ensuing 59th Annual General Meeting of the Company, will be. paid within 30 days from the date of declaration, as provided under the Companies Act, 2013."

Andhra Paper Stock Outlook & Return: Current market price of Andhra Paper share is Rs 413.55 apiece on BSE with intraday gain of 0.18%. Its 52-week high price is Rs 509.95 per share and 52-week low price is Rs 313.30 per share, respectively. The company has a market capitalisation of Rs 1,644.69 crore. In last 6-months, Andhra Paper shares declined 2%, gave return of 26%, rallied 56% in last 2-years, and 76% return in last 3-years.

Andhra Paper Financial Outlook: The company for the quarter ended March 31, 2023 declared its standalone total income at Rs 603.91 crore, up 2.85% from previous quarter total income of Rs 587.20 crore. It declared its net profit after tax in the latest quarter at Rs 153.90 crore.

Andhra Paper About: Andhra Paper Limited is one of the largest integrated paper and pulp manufacturers in India. Established in 1964, the company produces writing, printing and copier papers for foreign and domestic markets. Our production facilities at Rajahmundry and Kadiyam have a total production capacity of 240,000 TPA. The company employs around 2,500 employees, according to its official website.

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