Karachi: The Board of Directors of Pakistan Tobacco Company Limited has declared a third interim cash dividend of Rs. 35.00 per share for the fiscal year ending December 31, 2024. This latest dividend represents a 350% return on the par value of shares, accumulating to a total annual dividend of Rs. 95.00 per share or 950% when combined with earlier payments.
The board reached this decision through email circulation during their meeting on September 11, 2024. According to information available from the Pakistan Stock Exchange (PSX), this move underscores Pakistan Tobacco’s robust financial health and commitment to rewarding its shareholders.
Shareholders who are registered by the close of business on September 18, 2024, will be eligible for the dividend, with the company’s share transfer books scheduled to be closed from September 19 through September 23, 2024. Transfers completed at the Karachi office by the end of business on September 18 will ensure entitlement for the transferees to this substantial dividend.
This financial gesture by Pakistan Tobacco aligns with its history of high shareholder returns, although no new bonus shares, rights shares, or other corporate actions were announced at this time.