UBL Fund Managers Declares Interim Dividends for Four Investment Funds

Karachi, UBL Fund Managers Limited has announced interim dividend payouts for four of its funds, as confirmed by the Chief Executive Officer with the approval of the Board of Directors. The distributions, made for the period ending June 27, 2024, apply to unit holders registered at the close of business.

The Al-Ameen Islamic Cash Fund declared a dividend of Rs.21.4415 per unit, equivalent to 21.44 percent. Meanwhile, the UBL Liquidity Plus Fund will distribute Re.0.9521 per unit, representing a yield of 0.95 percent. The UBL Money Market Fund announced a significant payout of Rs.21.9794 per unit or 21.98 percent. Additionally, under the Al-Ameen Islamic Cash Fund, the Al-Ameen Islamic Cash Plan-I declared a modest dividend of Re.0.0494 per unit, which translates to a 0.05 percent yield.

According to information available from the Pakistan Stock Exchange (PSX), these dividend rates highlight the company’s performance and commitment to delivering shareholder value amidst the financial market’s current dynamics. The respective dividends reflect the funds’ robust management and strategic asset allocation, aiming to maximize returns for investors.

These payouts signify UBL Fund Managers’ ongoing efforts to enhance investor trust and satisfaction through consistent financial returns. The entitlements will be credited directly to the unit holders whose names appeared in the register at the day’s end.