Javedan Corporation Ltd. Witnesses Increment in Share Price, Announces Significant Dividend Increase

Karachi: Javedan Corporation Ltd. (JVDC), engaged in the development and sale of real estate, reported a closing share price of Rs. 36.50. The daily weighted average rate was Rs. 36.38. The company, with a paid-up capital of Rs. 3,808.60 million, has significantly increased its dividend distribution from 20% in 2021, to 40% in 2022, and up to 60% for the year ending June 2023. The share’s par value is Rs. 10, and it is traded in lots of 500. JVDC’s share price hit a yearly high of Rs. 51.7 and a low of Rs. 36. Since its listing in 1962, the company’s last book closure was on October 19, 2023. A volume of 3,085,500 shares was traded.