Karachi, Millat Tractors Ltd. (MTL), a prominent player in the agricultural machinery industry, has declared an impressive increase in its dividends for 2024, as per the latest financial disclosures to the Pakistan Stock Exchange. The company's share rate stood at 588.95, with a yearly high of 1,917.98, signaling robust investor confidence.
In the detailed financial announcement, Millat Tractors revealed its distributions for the year, marking a significant increase to 250% as a bonus and maintaining a consistent 60% bonus from the previous year. This distribution is substantially higher compared to the previous year's 650% dividend, reflecting the company's strong financial health. The announcement also highlighted the company's earnings per share (EPS) for January-February 2024, which surged to 17.61. Founded in 1965, Millat Tractors continues to demonstrate financial stability and growth, reinforcing its position in the market.