Karachi: First Habib Modaraba, managed by HabibMetro Modaraba Management, has announced the distribution of its final cash dividend for the fiscal year ended June 30, 2024. The declared dividend rate stands at Rs. 2.10 per certificate, which amounts to a 2.1% dividend yield.

On October 23, 2024, the dividends were credited electronically to the bank accounts of certificate holders who have adhered to the company's e-mandate requirement by providing 24-digit IBAN numbers. According to information available from the Pakistan Stock Exchange (PSX), the dividend distribution was based on a modern digital framework aimed at streamlining payment processes and ensuring swift transactions.

However, First Habib Modaraba has withheld dividends for some certificate holders who have not yet complied with the necessary requirements, including the provision of valid IBAN numbers or CNIC copies. These shareholders are advised to update their details to receive their dividends.

The company's secretary, Tehsin Abbas, has communicated the details of this dividend credit to the Pakistan Stock Exchange, urging all TRE certificate holders to ensure their records are current to facilitate future distributions.