Pakistan Petroleum Maintains Consistent Dividend Amid Market Fluctuations

Karachi, Pakistan Petroleum Limited (PPL), a significant contributor to the oil and gas exploration industry, reported a marginal increase in its share price to Rs. 112.61, slightly above its daily average of Rs. 112.79. The company’s substantial paid-up capital is recorded at Rs. 27,209.67 million.

PPL has declared a steady dividend of 25% for the years 2022, 2023, and 2024, with a par value of Rs. 10 per share. Operating since 2004, the company posted an EPS of Rs. 94 for the first quarter of 2024, reflecting stable financial performance despite market volatility.