There are more than 500 companies that are registered on Pakistan Stock Exchange (PSX). There are only a few companies that can be categorized as the best dividend stocks. The dividend is the amount of money the company pays to its shareholders from its profit (either quarterly or yearly). All companies are not obliged to give dividends to their shareholders that’s why long-term stockholders try to choose to buy those securities that provide dividends along with the capital gain (increase in the price of share with time). In this blog, we will share the list of the best dividend stocks that provide dividends to their shareholders on a timely basis. We will share some data from the PSX Data Portal.
Where to look for dividend-paying stocks
PSX has recently launched the PSXDIV20 index. It consists of the top 20 dividend-paying companies with a consistent dividend announcement history. The list of companies in the PSXDIV20 dividend Index is available on the Pakistan Stock Exchange Data Portal. The list of the companies in the PSXDIV20 index change from time to time depending upon the metrics set by the PSX.
Best Dividend stocks in Pakistan Stock Exchange (PSX).
Following are the 20 companies from the PSXDIV20 index that have announced dividends consistently.
|S. No.||Company Code||Company Name|
|1||APL||Attock Petroleum Ltd.|
|2||BAFL||Bank Alfalah Ltd.|
|3||BAHL||Bank Al-Habib Ltd.|
|4||EFERT||Engro Fertilizers Ltd.|
|5||EPCL||Engro Polymer & Chemicals Ltd.|
|6||EPQL||Engro Powergen Qadirpur Ltd.|
|7||FFC||Fauji Fertilizer Co. Ltd.|
|8||HMB||Habib Metropolitan Bank Ltd.|
|9||ISL||International Steels Ltd.|
|10||KAPCO||Kot Addu Power Company Ltd.|
|11||MCB||MCB Bank Ltd.|
|12||NCL||Nishat (Chunia) Ltd.|
|13||POL||Pakistan Oilfields Ltd.|
|14||UBL||United Bank Ltd.|
|15||HUBC||The Hub Power Company Limited|
|16||LPL||Lalpir Power Limited|
|17||FABL||Faysal Bank Limited|
|18||LOTCHEM||Lotte Chemical Pakistan Limited|
|19||NPL||Nishat Power Limited|
|20||DOL||Descon Oxychem Limited|
Source: PSX Data Portal
The usefulness of the PSXDIV20 Index
The PSXDIV20 index made it easy for investors to find out dividend-yielding stocks in Pakistan Stock Exchange (PSX).
Check out “What is Dividend” video on our Youtube channel
The purpose of this blog is to educate investors about dividend-paying stocks in Pakistan Stock Exchange (PSX). The above list does not provide information for any forecast or future investments of any kind. All the companies listed in PSX have the right to their dividends. Any company listed in the PSX is not obliged to give dividends to its shareholders. RT Securities does not hold any responsibility for any decision taken by anyone based on the information on this page. The information in this blog is based on the data available on the PSX Data portal.
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