Atlas Battery Ltd. Announces Elevated Dividend Amidst High Trade

Karachi: Atlas Battery Ltd. (ATBA) saw its stock traded at Rs. 240.19, while the daily weighted average rate was Rs. 240.83. The company, which ended its fiscal year in June, announced a 325% dividend, up from the 140% dividend and 15% bonus in 2021, and the 125% dividend with a 25% bonus in 2022. With a paid-up capital of Rs. 350.17 million, Atlas Battery’s shares have a par value of Rs. 10 and are traded in lots of 100. Listed in 1968, ATBA's shares hit a high of Rs. 148 this year with a turnover of 9,107,800 shares.