KARACHI: The number of companies that distribute dividends to shareholders dropped from 256 in FY19 to 217 in FY20 and 180 in FY21 on the Pakistan Stock Exchange, according to a brokerage house report.
The sum paid out to investors in dividend amounted to Rs357bn, Rs308bn and Rs381bb (on an ex-date basis) for the above three years, says a report issued by Optimus Capital Management.
The financial results for the last quarter ended Dec 30, 2021 are yet to be unveiled which is likely to raise the dividends for FY21 to a record high.
In terms of dividends paid, FY17 was outstanding with distribution to shareholders amounting to Rs390bn by 243 listed companies, while going by the number of payers, the highest number of 256 companies distributed dividends amounting to Rs357bn in FY19.