Star Paper Mills Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2025, recommended Final Dividend of Rs. 3.50 per equity share.
STARPAPER · price
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The Board of Directors of Star Paper Mills Limited, at its meeting held on May 29, 2025, has recommended a Final Dividend of Rs. 3.50 per equity share for its shareholders. This is a cash dividend declared by the company, pending approval at the upcoming Annual General Meeting. The dividend amount reflects the company's commitment to returning value to its shareholders from its profits. The record date and payment timeline would typically be communicated separately after shareholder approval.
This is a positive signal for income-focused investors, indicating the company is profitable and willing to share earnings. However, the actual yield on investment depends on the current share price, which would determine whether this is an attractive dividend compared to market alternatives.