Dividend news: Sugar maker's board announces Rs 10 per share payout

Avadh Sugar dividend: Avadh Sugar & Energy Ltd on Monday announced a dividend of Rs 10 per equity share of Rs 10 each i.e., a 100 per cent dividend to its shareholders for the year ended March 31, 2023. 

"The Board of Directors has also recommended a dividend of Rs. 10/- per equity share of Rs.10/- each for the year ended March 31, 2023, subject to the approval of the Shareholders," the sugar company's regulatory filing said. 

Avadh Sugar dividend history 

(Source: NSE)

Avadh Sugar share price NSE, Avadh Sugar share price history

Shares of Avadh Sugar & Energy Ltd, NSE: AVADHSUGAR zoomed over 6 per cent on NSE post Q4 result announcement. Avadh Sugar shares have given a negative return of nearly over 20 per cent in the last year, a time period in which the headline index Nifty 50 has gained 12 per cent. 

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