Pakistan Stock Exchange (PSX) has decided to launch PSX Dividend 20 Index, comprising the top 20 dividend-paying companies.
According to a statement released by the PSX, the Index, based at 10,000 points, has been internally operational since 29th October 2020. PSX would hold a press briefing to announce the launch of the Index on Tuesday (tomorrow).
The Index comprises of top 20 dividend-paying companies that have a dividend distribution history, and are ranked and weighted based on trailing 12-month dividend yield, as per the index methodology
As of 2nd September 2022, PSX Dividend 20 Index comprises:
- Allied Bank Ltd.
- Attock Petroleum Ltd.
- Bank Alfalah Ltd.
- Bank Al-Habib Ltd.
- Engro Corporation Ltd.
- Engro Fertilizers Ltd.
- Engro Polymer & Chemicals Ltd.
- Engro Powergen Qadirpur Ltd.
- Fatima Fertilizer Co Ltd.
- Fauji Fertilizer Co. Ltd.
- Habib Bank Ltd.
- Habib Metropolitan Bank Ltd.
- Indus Motor Company Ltd.
- International Steels Ltd.
- Kot Addu Power Company Ltd.
- MCB Bank Ltd.
- Nishat (Chunia) Ltd.
- Pakistan Oilfields Ltd.
- Tariq Glass Industries Ltd
- United Bank Ltd.
good article, would be better if you quoted the dividend per share of each company as a percentage of their share price