Lalpir Power Limited Announces Second 20% Interim Dividend

Karachi: Lalpir Power Limited has successfully credited a second interim cash dividend of 20% or Rs. 2 per share to shareholders for the half-year period ending June 30, 2024. This transaction was processed electronically today, September 20, 2024, for shareholders who provided valid Computerized National Identity Cards (CNICs) and International Bank Account Numbers (IBANs).

The Board of Directors approved this dividend during their meeting on August 28, 2024, marking a continuation of the company’s robust dividend policy, following an earlier 20% distribution. According to information available from the Pakistan Stock Exchange (PSX), Lalpir Power has maintained a consistent payout amidst fluctuating market conditions, underscoring its financial health and commitment to returning value to its investors.

Shareholders who have not yet updated their banking details, including CNIC and IBAN, or whose details are inaccurate, are currently unable to receive their dividends. Lalpir Power urges these shareholders to rectify their information with CDC Share Registrar Services Limited in Karachi to ensure they receive their rightful dividends.

The company’s strategic financial management practices highlight its resilience in a dynamic economic landscape, and it continues to uphold its promise of shareholder value maximization.

The post Lalpir Power Limited Announces Second 20% Interim Dividend appeared first on .