Karachi: Hub Power Company Limited has distributed a final cash dividend of Rs. 8.50 per share, totaling 85% of the designated bank accounts, to its shareholders as of October 11, 2024. This payment follows the closure of the fiscal year ending June 30, 2024, and reflects the company's commitment to returning value to its investors.

According to information available from the Pakistan Stock Exchange (PSX), the dividend has been credited electronically to those shareholders who provided complete 24-digit IBAN numbers and complied with the regulatory requirements. The payment process is aligned with the provisions of the Companies Act, 2017, which stipulates the withholding of dividends for shareholders lacking the necessary bank details or official identification records, such as CNICs.

In an official communication, the Hub Power Company urged shareholders who have not yet provided their complete banking information to do so to ensure compliance and facilitate future distributions. This step is part of the company's ongoing efforts to enhance transparency and efficiency in its financial dealings.

The company has instructed that this information be disseminated among all members of the exchange to ensure all shareholders are aware of the developments.