This Small Cap Sugar Stock Announces Dividend Of 60%, Including Special Dividend

The directors of Dhampur Sugar Mills Limited has declared a combined dividend of 60%, consisting of an interim dividend and a special dividend in the board meeting held today on April 3, 2023. The decision was announced through the stock exchange filing along with record date details. The details are given below.

According to the filing, the board of Dhampur Sugar Mills Limited has declared an interim Dividend of 50% i.e., Rs 5 per Equity Share of Rs 10 each and Special Dividend of 10% i.e Re 1 Per Equity Share of Rs 10 each of the Company on successful commissioning of new distillery project, aggregating to 60% i.e., Rs 6 per Equity Share of Rs. 10 each for the Financial Year 2022-23."

Further it was also mentioned that the board of directors have fixed Tuesday, the 18th day of April, 2023 as Record Date for the purpose of payment of interim dividend at 60 %.

Dhampur Sugar Mills Limited is a small cap company, incorporated in the year 1933. It is one of the leading integrated sugar Processing companies. It is an organised sugar, chemical and green energy cogeneration business player. It has a market capitalisation of Rs1,524.26 crore.

In last year the stock price of Dhampur Sugar Mills Ltd has fallen steeply by 53.61% but over five years it has grown by 185.25% to latest price of Rs 229.60 per share. On intraday basis the current price has grown by 2.82%. Its 52-week low is at Rs 196.50 per share and 52-week high is at Rs 515.67 per share.

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