United Bank Ltd. Announces Substantial Dividend Growth

Karachi, United Bank Ltd. has made a significant statement in its latest financial disclosure, announcing an increase in dividends from 220% to 440%. The bank’s trading price was noted at Rs. 181.27, closely tracked by the average rate of Rs. 181.45. With a paid-up capital of Rs. 12,241.80 million, the bank showcased a trading volume of 73,960,903 shares. The remarkable decision to double the dividend rate comes alongside an impressive EPS of Rs. 174.69 for the first quarter of 2024, reflecting the bank’s strong financial standing and commitment to shareholder value.