JDW Sugar Mills Ltd. Announces Remarkable Dividend Increase

Karachi, JDW Sugar Mills Ltd. (JDWS) disclosed a significant rise in its dividend payout, marking a substantial increase from 275% in 2022 to 400% in 2023. The market reacted positively to the news, with JDWS’s stock reaching a high rate of Rs. 577.77 compared to a lower rate of Rs. 459.99, reflecting investor confidence in the company’s performance and outlook. The stock exchange recorded a notable turnover for JDWS, evidencing heightened trading activity following the announcement. The company, listed in 1992, continues to show robust growth, as indicated by its January to March 2024 earnings per share (EPS) of Rs. 391.