AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad, Pakistan Oilfields Limited has announced the successful electronic transfer of the interim cash dividend for the fiscal year ending June 30, 2024, to its shareholders. A total of Rs. 25.00 per share, constituting a 250% dividend, was disbursed by the company’s paying agent, Bank Alfalah Limited, on March 1, 2024.
In an effort to enhance transparency and convenience for investors, the Central Depository Company (CDC) has introduced an e-Dividend Repository Portal. This online platform aims to provide shareholders, whether holding shares in CDC or physical form, with consolidated information regarding their cash dividends. The portal will detail dividends credited, reasons for any non-disbursement, and provide a comprehensive electronic report that includes dividend rates, net dividend paid, and details on tax and zakat deductions. This initiative is expected to aid shareholders in managing their investments more effectively and simplify the process of filing tax returns.
Access to the CDC’s e-Dividend repository portal is available through the link http://eservices.cdcaccess.com:pk. Additionally, the announcement highlighted that dividends for shareholders lacking valid bank account details or identification numbers are currently withheld, in line with Regulation 6 of the Companies (Distribution of Dividend) Regulations, 2017. These withheld dividends will be managed as per the prevailing laws and regulations.