Blessed Textiles Limited Reports Robust Dividend Amid High Turnover

Karachi, Blessed Textiles Limited (NC) today reported a closing rate of Rs. 298.84, matching its daily weighted average. The company announced a dividend of 330% for the year ending June 2023, significantly higher than last year’s 165%. With a paid-up capital of Rs. 64.32 million, the company also noted an earnings per share (EPS) increase to Rs. 302.47 for the first quarter of 2024, up from Rs. 116.73 in the previous year. Blessed Textiles was listed on the Pakistan Stock Exchange in 1991 and has maintained a positive performance with a recent high turnover of 4600 units.