Mari Petroleum Announces Record Dividend Amid Soaring Profits

Karachi, Mari Petroleum Co. Ltd., under the symbol MARI, has announced an unprecedented dividend payout, declaring 1240% for this year, with a staggering 1470% projected for next year and an additional 980% interim. The stock closed at Rs. 2802.84, below its daily average of Rs. 2825.90. According to information available from the Pakistan Stock Exchange (PSX), Mari Petroleum has a paid-up capital of Rs. 1,334.03 million. Since its 1994 listing, the company’s shares have peaked at Rs. 2849 and dipped to Rs. 2071.