Saif Power Ltd Announces Substantial Dividend Increases

Karachi, Saif Power Ltd, trading under the symbol SPWL, has announced a notable increase in dividends, declaring an 85% payout for 2022 and an expected 42.90% for 2023. The company’s strong financial health is reflected in its significant paid-up capital of Rs. 3,864.72 million and a steady rate of Rs. 18.79. According to information available from the Pakistan Stock Exchange (PSX), Saif Power’s aggressive dividend policy aligns with its robust earnings and operational success.

The company’s stock performance was vigorous in the first part of 2024, with share prices peaking at Rs. 21.13 and dipping to Rs. 17.6, achieving a turnover of 25,548,000 shares. The earnings per share for 2022/2023 stood at Rs. 5.05. Saif Power has been an active participant in the market since its listing in 2014, with the last book closure on April 23, 2014.