As the year progresses, multiple companies listed on the Pakistan Stock Exchange (PSX) have announced the closure of their transfer books for dividend, bonus, and rights distribution in the months of September and October 2024. These closures are significant as they reflect the financial decisions of the companies regarding their earnings and capital management.
HIGHLIGHTS OF ANNOUNCEMENTS
•Mari Petroleum Company leads with an exceptional 1340% final dividend and an additional 800% bonus, showcasing strong financial performance and commitment to shareholders.
•Atlas Battery Limited and Colgate Palmolive (Pakistan) are also notable with their 200% and 345% final dividends, respectively, indicating consistent profitability.
•Lucky Cement Limited announced a 150% final dividend, maintaining its strong position in the cement sector, while Lucky Core Industries Limited follows with a 330% final dividend.
KEY DATES TO REMEMBER
Investors should note the key dates for these closures, as they determine eligibility for dividend, bonus, and rights allotments. The ex-dividend dates begin on September 11, 2024, and run through October 17, 2024. Here are some notable dates:
•Baluchistan Wheels Limited – 30% final dividend (11-Sep-24)
•International Steels Limited – 30% final dividend (13-Sep-24)
•Security Papers Limited – 100% final dividend (16-Sep-24)
•Pakistan Cables Ltd. – 10% bonus (18-Sep-24)
•Indus Motor Company Limited – 430% final dividend (25-Sep-24)
•Cherat Cement Company – 40% final dividend (07-Oct-24)
•Pakistan State Oil Co. – 100% final dividend (15-Oct-24)
SECTOR-WISE DISTRIBUTION
The announced dividends and bonuses span across a variety of sectors, reflecting the performance of industries such as:
•Cement: Companies like Lucky Cement, Fauji Cement, Cherat Cement, and Thatta Cement have made significant announcements, reflecting the sector’s stability and growth.
•Oil & Gas: Key players such as Mari Petroleum, Pakistan Oilfields, and Attock Refinery have shown robust financial health with substantial dividends.
•Automobile: Indus Motor Company stands out with a 430% final dividend, underscoring the strength of the automotive industry despite challenges in the global economy.
CONCLUSION
The closure of transfer books and subsequent dividends, bonuses, and rights are crucial for investors who aim to maximize their returns from PSX-listed companies. These announcements reflect the confidence of corporations in their financial standing and provide insight into their future strategies. Investors should mark their calendars to ensure they benefit from these distributions.
