POLICY

DIVIDEND POLICY

  1. Introduction

This policy outlines Mirpurkhas Sugar Mills Limited’s approach to declaring and distributing dividends, balancing shareholder returns with company growth needs.

  1. Objectives
    • Provide consistent shareholder returns.
    • Maintain financial flexibility for growth.
    • Balance shareholder rewards with retained earnings for future growth.
  1. Dividend Declaration

Dividends are declared at the Board’s discretion, considering:

  • Profitability and financial condition.
  • Cash flow and capital needs.
  • Legal and regulatory requirements.
  • Contractual obligation
  1. Dividend Declaration

Dividends are declared at the Board’s discretion, considering:

  • Profitability and financial condition.
  • Cash flow and capital needs.
  • Legal and regulatory requirements.
  • Contractual obligations.
  1. Types of Dividends

Dividends may be:

  • Cash Dividends: Regular cash payments.
  • Stock Dividends: Additional shares.
  1. Payment Frequency

Dividends are typically paid quarterly, bi-annually or annually as appropriate.

  1. Retained Earnings

Earnings are retained to:

  • Fund growth and capital expenditures.
  • Maintain financial stability.
  • Comply with legal requirements.