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Oil and Gas Development Co. declares 30% interim dividend

Published 30/04/2025, 11:28
Oil and Gas Development Co. declares 30% interim dividend
OGDC
0.26%

ISLAMABAD - Oil and Gas Development Company Limited (OGDCL) has announced to its shareholders a cash dividend of Rs 3.00 per share, which amounts to a 30 percent payout for the quarter ended March 31, 2025. This declaration comes in addition to a previously paid interim dividend of Rs 7.05 per share, or 70.5 percent, as approved by the company’s Board of Directors.

Eligible shareholders are those who are registered by May 12, 2025, as the company’s Share Transfer Books will be closed from May 13 to May 15, 2025, for the purpose of determining entitlements. The transfers received at the close of business on May 12, 2025, will be processed in time for the transferees to receive the dividend.

The financial results, along with summaries of OGDCL’s accounts and notes, as well as performance highlights, have been enclosed in the announcement as Annexes I to III. The company has also stated that the quarterly report for the period ending March 31, 2025, will be transmitted separately through the Pakistan Unified Corporate Reporting System (PUCARS) within the specified timeframe.

The information was disseminated in a statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG), and is based on a press release statement from the company. It is important to note that the details provided are for informational purposes only, and the announcement does not constitute an endorsement of OGDCL’s market position or future prospects. The company’s performance and payout are reflective of its activities within the stipulated quarter.

OGDCL is one of the leading oil and gas exploration and production companies in Pakistan, and its financial results are closely watched by investors and market analysts. The announcement of the dividend is a key indicator of the company’s financial health and its ability to generate value for its shareholders.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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