Karachi: The Hub Power Company Limited has announced an interim cash dividend of Rs. 5 per share, equating to a 50% payout on ordinary shares, according to a notice published in two newspapers, “Business Recorder” and “Nawa-i-Waqt,” on November 1, 2025. This decision comes following the declaration of the company’s quarterly results for the period ended September 30, 2025, as approved by the Board of Directors during their meeting on October 30, 2025.

The company has specified that the dividend will be distributed to members whose names appear on the Register of Members by the close of business on November 11, 2025. The Share Transfer Books will be closed from November 12 to November 14, 2025, both days inclusive. This closure is essential to ensure the accurate processing of dividend payments.

According to information available from the Pakistan Stock Exchange (PSX), withholding tax on dividends will be applied as per the Income Tax Ordinance, 2001. Shareholders listed on the Active Taxpayer List (ATL) will face a 15% tax rate, while others will be subject to a 30% rate. The company will determine the tax status of shareholders as of the first day of the book closure period to apply the appropriate withholding tax.

For shareholders with joint accounts, tax will be deducted proportionately based on shareholding. Joint shareholders are required to submit their shareholding proportions to the Share Registrar by November 11, 2025, failing which, an equal proportion assumption will apply. Members seeking tax exemption must provide a valid certificate to the Share Registrar before the book closure date.

To facilitate electronic dividend transfers, shareholders must submit their bank mandates, including the International Bank Account Number (IBAN), to the relevant entities. Changes in registered addresses and declarations for non-deduction of zakat should also be communicated to the Share Registrar or relevant participants, depending on shareholding type.

Non-resident shareholders must provide a declaration of undertaking and a valid passport copy to determine their tax obligations. Declarations should be submitted by November 11, 2025, to the Share Registrar or via email.

The company has emphasized that dividends will only be paid upon submission of valid CNIC copies for individual shareholders. Members are encouraged to ensure all documentation is complete and submitted within the stipulated timelines to avoid any payment delays.