Allied Bank Ltd. Announces Significant Dividend Increase Amidst Strong EPS Growth

Karachi, Allied Bank Ltd. (ABL), a prominent entity on the Pakistan Stock Exchange, has reported a substantial increase in its dividend payouts for the year ending 2024, elevating the distribution from 85% in 2022 to 120% in 2023. This announcement comes as the bank also revealed a notable earnings per share (EPS) of 81.6 for the January to March 2024 period. ABL’s share price observed a slight fluctuation, with a daily weighted average rate of 87.21 rupees. The bank has shown robust financial growth with a paid-up capital of 11,450.74 million rupees. Having been listed on the exchange since 2005, ABL continues to demonstrate financial strength and shareholder value.