AKD Securities Limited Announces 20% Dividend for 2024

Strategic Insights -

AKD Securities Limited has declared a 20% dividend for the year 2024, following the latest updates from the Pakistan Stock Exchange (PSX). This announcement comes as the company's share price, which operates under the Investment Banks / Investment Companies / Securities Companies sector, closed at Rs. 17.11 on October 7, 2024, with a daily weighted average rate of Rs. 16.92. The company's paid-up capital stands at Rs. 5,578.34 million, with a par value of Rs. 10 per share and a market lot size of one.

Key Takeaways:

  • AKD Securities Limited has announced a 20% dividend distribution for 2024, as per the latest updates from the Pakistan Stock Exchange (PSX).
  • The company's share price, under the symbol AKDSL, closed at Rs. 17.11 on October 7, 2024, with a daily weighted average rate of Rs. 16.92.
  • AKD Securities Limited operates under the Investment Banks / Investment Companies / Securities Companies sector and has a paid-up capital of Rs. 5,578.34 million.
  • The company's market lot size is one share, and its par value is Rs. 10 per share.
  • AKD Securities Limited had its previous book closure on October 22 and listed in 2008.
  • Despite not distributing dividends for the fiscal years 2022 and 2023, the company has declared a 20% dividend for 2024.
  • The earnings per share (EPS) for the fiscal year 2022/2023 stood at Rs. NIL, reflecting the financial performance and strategic decisions leading up to the current fiscal period.

Statistics:

  • Share price closing on October 7, 2024: Rs. 17.11
  • Daily weighted average rate on October 7, 2024: Rs. 16.92
  • Paid-up capital: Rs. 5,578.34 million
  • Par value per share: Rs. 10
  • Market lot size: One share
  • Previous book closure date: October 22
  • Listing year: 2008
  • Fiscal years without dividend distribution: 2022 and 2023
  • Earnings per share (EPS) for 2022/2023: Rs. NIL

Sources:

  • Pakistan Stock Exchange (PSX)
  • AKD Securities Limited