Mari Petroleum announces 600% cash dividend

Aftab Ahmed

Islamabad: Mari Petroleum on Monday announced 600 percent dividends for the shareholders.

The company will pay Rs 8 billion worth of dividends to the shareholders that amount to Rs 60 per share.

In a notice to Pakistan Stock Exchange, Mari Petroleum said that the Board of Directors of Mari Petroleum Company Limited in its meeting held on April 19, 2021, had approved the financial statements for the nine months ended March 31, 2021.

https://newztodays.com/mari-petroleum-to-give-over-200-dividends/

It further said that the board recommended the second Interim Cash Dividend at Rs 60.00 per share i.e. 600% b. The company will pay it to those shareholders whose names will appear on the Register of Members at the close of business on April 30, 2021.

The Share Transfer Books of the Company will remain closed from May 03, 2021, to May 09, 2021 (both days inclusive) for the entitlement of this dividend.