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ABL announces 25 pc dividend, 10 per cent bonus.

ISLAMABAD, February 15, 2012 (Balochistan Times): Allied Bank Limited (ABL) has declared the cash dividend of 25 per cent or Rs.2.5 per share for last quarter ended on December 31, 2011. Stock Analyst Zaheer Ahmed told that it has also announced 10 per cent bonus shares along with the cash dividend for last quarter and each ten shares will be distributed for every one hundred shares. The residual balance of Rs.201.855 million available in share premium account and remaining account from inappropriate profits of bank was utilized to issue Bonus shares. The above entitlement will be paid to the shareholders whose names will appear in the register of member at the close of business on March 20. The share transfer books of the company will be closed from March 21, to March 27 of current year and both days (21 and 27) are included.

(THROUGH ASIA PULSE)
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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:Feb 15, 2012
Words:151
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