Karachi: Hum Network Limited has declared its first interim cash dividend for the financial year ending June 30, 2027, during a board meeting on October 30, 2026. The dividend is set at Rs.0.50 per share, representing 50% on ordinary shares. The share transfer books will be closed from November 12 to November 13, 2026, to determine the entitlement.
According to information available from the Pakistan Stock Exchange (PSX), shareholders must ensure their shares are transferred by November 11, 2026, to be eligible for the dividend. This move mandates shareholders to provide their bank account details to facilitate electronic payment, as required by the Companies Act, 2017, and Companies (Distribution of Dividends) Regulations, 2017.
Shareholders are reminded to submit valid CNICs or NTN certificates to the company's share registrar to avoid withholding of dividends. The income tax deduction on dividends stands at 30% for non-filers and 15% for filers, with tax status updates advised before book closure.
The company also urges shareholders to address any unclaimed dividends or shares, which, according to Section 244 of the Companies Act, 2017, may vest with the Federal Government if unclaimed for three years. Additionally, shareholders with physical shares are encouraged to convert them to book-entry form through the Central Depository Company Pakistan Limited.
The designated market category for Hum Network Limited is the Communication Services sector.