Karachi: MAC PAC Films Limited disclosed a series of decisive corporate actions, including a substantial cash dividend during its board meeting on September 18, 2024. The company declared a final cash dividend of Rs. 1.25 per share for the fiscal year ending June 30, 2024, reflecting a strong financial year.
This significant announcement was accompanied by a detailed discussion on the company's financial results, which showed promising growth and profitability. The dividend, representing a 12.5% yield, is in addition to the interim dividends already paid, underscoring the company's commitment to shareholder returns.
According to information available from the Pakistan Stock Exchange (PSX), the financial robustness of MAC PAC Films Limited is evident in its strategic distribution of dividends and the planned engagement in further corporate actions, which are poised to enhance shareholder value significantly.
The company's future plans include an Annual General Meeting scheduled for October 24, 2024, in Karachi, which will further detail the company’s financial health and strategic direction. The Share Transfer Books will be closed temporarily from October 17 to October 24, 2024, to facilitate the processing of this dividend payment.