Karachi, In a recent financial announcement made to the Pakistan Stock Exchange, Dynea Pakistan Ltd., a well-established chemical company, disclosed substantial increases in dividends for the fiscal period ending in March 2024. The company has set the current rate at Rs. 180.00 with a daily weighted average of Rs. 179.16, showing a healthy financial stance.
Dynea, listed in 1984, has proposed a generous dividend of 150% for the current year, a significant increase from the previous year's 150%(I) and 200%. This strategic move indicates the company's robust performance and a confident outlook towards sustainable growth. The earnings per share (EPS) for January to March 2024 stood at Rs. 5. The company continues to hold a strong market position with a low rate of Rs. 173 and a high of Rs. 180.00 this year.