Karachi: Good Luck Industries Limited has declared a final cash dividend for its shareholders for the fiscal year ending 2024, the company revealed in a communication to the Pakistan Stock Exchange.

On October 24, 2024, Good Luck Industries Limited announced the distribution of a final cash dividend of Rs. 3 per share, which translates to a yield of 0.30% for the year. This dividend payout was approved by the Board of Directors during their meeting on September 19, 2024. According to information available from the Pakistan Stock Exchange (PSX), the dividend will be deposited directly into shareholders' bank accounts on October 23.

The declaration aligns with the regulations under Rule 3 of the Companies (Distribution of Dividends) Regulations, 2017, combined with Sections 242 and 243 of the Companies Act, 2017. These stipulations require that the dividend be credited to shareholders within ten working days following its announcement and necessitate immediate notification to the exchange once the dividend is processed.

Good Luck Industries has committed to adhere to PSX Regulation 5.6.10, ensuring compliance with all procedural requirements for dividend distribution. This commitment underscores the company’s dedication to upholding regulatory standards and enhancing shareholder value.