Karachi: EFU Life Assurance Ltd. has successfully distributed its second interim cash dividend for the year 2024, crediting shareholder accounts on September 12. The dividend, issued at Rs. 1.5 per share which represents a 15% return, was transferred electronically to the designated bank accounts of its shareholders.
This financial move underscores EFU Life’s commitment to returning value to its investors and maintaining a robust dividend policy. The company’s ability to sustain such distributions reflects its solid financial health and operational success over the fiscal year.
According to information available from the Pakistan Stock Exchange (PSX), this dividend payment follows a series of consistent financial performances by EFU Life, highlighting its stability and reliability in the insurance sector. The process of electronic dividend distribution is aligned with modern financial practices, ensuring efficiency and security in transactions.
Shareholders who had updated their bank account details with the company received their dividends seamlessly, marking a step forward in EFU Life’s efforts to enhance shareholder engagement and satisfaction. This method of direct credit also minimizes the delay and complications associated with physical dividend checks, promoting a more streamlined approach to shareholder returns.
The dividend payout is part of EFU Life Assurance's broader strategy to enhance shareholder value and demonstrate its financial resilience amidst the economic challenges of the fiscal year.