MARI PETROLEUM COMPANY LIMITED

Mari Petroleum Company Limited has shared Financial Results for the Financial Year that ended on June 30, 2024. According to the official letter MPCL Board of Directors, in its meeting held on August 08, 2024, has recommended the cash dividend and bonus shares as mentioned below: 

Financial highlights showing record net profit, sales, earnings per share, and cash from operations as of June 2023.

CASH DIVIDEND:

A final cash dividend for the year June 30, 2024 @ 134/- per share i.e. 1,340%. This is in addition to the interim dividend already paid @ Rs 98 per share i.e. 980%. The recommended final dividend along with the interim dividend amounts to Rs 232/- per share i.e. 2,320%.

Hand using calculator and pen on financial document with numbers and calculations.

BONUS SHARES:

Issue of bonus shares for the year June 30, 2024, of 800% (eight shares for every one share held) from the Capital Redemption Reserve Fund and the balance from Revenue Reserves. The issuance of bonus shares is a reflection of increasingly strong balance sheet of the Company with a view to grow and diversify further.

Diverse group showing thumbs up against a clear blue sky.

ELIGIBILITY CRITERIA FOR DIVIDEND & BONUS:

The above-mentioned final dividend and bonus shares will be paid/issued to those shareholders whose names will appear on the Register of Members at the close of business on September 18, 2024. However, the bonus shares recommended by the Board on August 08, 2024, will not qualify for the final cash dividend for the year ended June 30, 2024.

PSX MARI SHARE X-RATE CALCULATIONS:

Mari share price will be as follows after X-date

If the share price goes to Rs. 3458.40/- then its price will be:

Rs. 369.38/-

per share

If the share price goes to Rs. 3804.24/- then its price will be:

Rs. 407.80/-

per share

If the share price goes to Rs. 4184.66/- then its price will be:

Rs. 450.07/-

per share

If the share price goes to Rs. 4603.13/- then its price will be:

Rs. 496.57/-

per share

Keep in mind that the "BIG PLAYERS" will start selling the MARI once its price crosses Rs. 4000 mark. If you are looking to buy MARI shares then do check its rates after Dividend and Bonus.