Habib Metropolitan Bank Posts Significant Profit, Announces High Dividend

Karachi, Habib Metropolitan Bank Ltd. (HMB) announced a substantial annual earnings per share (EPS) of Rs. 51.02 for the January to March 2024 period. The bank’s closing stock price stood at Rs. 61.19, closely aligning with the daily weighted average rate of Rs. 61.00. Amid a robust fiscal performance, the bank declared a 52.50% distribution for the par value, and a 105% market lot dividend, signaling strong returns for shareholders. The bank has a significant paid-up capital amounting to Rs. 10,478.32 million.