Pakistan Stock Exchange · income
PSX Dividend Calendar — Upcoming Ex-Dates & the Highest Yielding Shares
Announced ex-dividend, record and payment dates we hold on file, plus trailing dividend yields across the whole market.
As of closeSource: Pakistan Stock ExchangeDates from company notices; yields from end-of-day prices
How to use this list: check the ex-date before you deal — you must own the share before it to receive the payout. Yields are trailing and backward-looking: a ranking to research from, not a recommendation.
How a dividend reaches you
Four dates, in this order. Only the ex-date decides who is paid, and only the ex-date moves the price.
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Announced
The board declares the dividend and its dates in a notice to the exchange.
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Ex-dateEx-dateThe first day a share trades without its latest dividend, bonus or right. Buy before the ex-date to receive it; the price usually drops by about the payout that day. Glossary
The first session without the dividend. Own the share before this day to receive it; the price usually opens lower by about the payout.
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Record dateBook closureThe period when a company closes its share register to decide who receives a dividend, bonus or right. Because trades settle T+2, you must buy before the ex-date to be on it. Glossary
The share register is read (book closure) to decide who is entitled.
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Pay date
The cash arrives, after withholding tax — often several weeks after the record date.
Upcoming ex-dividend dates
Announced payouts with the ex-date still ahead, grouped by week. The chip counts the days left to the ex-date.
No announced ex-dates are on file for the period ahead. Dividend announcements are entered from company notices to the exchange rather than pulled from a feed, so this calendar shows only what has been recorded and verified — an empty calendar means we hold no announcement, not that no company is paying. The trailing yields below are computed from dividends already paid and are unaffected.
Recently paid
Payouts whose ex-date passed in the last three months, newest first. The entitlement is settled; the last column shows whether the cash has arrived yet.
| Symbol | Ex-date | Per share | Payment | Action |
|---|---|---|---|---|
| PSO | 21 Aug 2026 | Rs 7.00 | Paid 23 Aug | Cash dividend |
Best dividend paying stocks on the PSX, by trailing yield
Ranked on one number — the cash dividends on file with an ex-date in the last twelve months, divided by the last close. A company with no dividend on file is left out, not ranked at zero. A very high yield is often a fallen price rather than a rising payout.
| Symbol | Sector | Last (Rs) | Change | Volume | Div yield | Model outlook |
|---|---|---|---|---|---|---|
| No trailing dividend yields have been computed for the latest session. A yield appears once a cash dividend from the past twelve months is on file. | ||||||
PSX Dividend 20 constituents
The companies the exchange selects for its income benchmark on dividend record, liquidity and free float — shown here by trailing yield, then by size where no dividend is on file (a dash).
| Symbol | Sector | Last (Rs) | Change | Volume | Div yield | Model outlook |
|---|---|---|---|---|---|---|
UBLUnited Bank Limited | Commercial Banks | 410.40 | ▼ −0.07% | 1,864,139 | — | Strongly bearish |
FFCFauji Fertilizer Company Limited | Fertilizer | 538.79 | ▲ +0.13% | 180,847 | — | Bullish |
MCBMCB Bank Limited | Commercial Banks | 373.49 | ▲ +0.65% | 63,847 | — | Strongly bearish |
HBLHabib Bank Limited | Commercial Banks | 289.89 | ▲ +0.16% | 369,174 | — | Strongly bearish |
NBPNational Bank of Pakistan | Commercial Banks | 158.60 | ▼ −0.42% | 457,796 | — | Strongly bearish |
EFERTEngro Fertilizers Limited | Fertilizer | 194.45 | ▲ +0.71% | 327,656 | — | Strongly bullish |
HUBCThe Hub Power Company Limited | Power Generation & Distribution | 194.00 | ▲ +0.39% | 745,437 | — | Strongly bearish |
POLPakistan Oilfields Limited | Oil & Gas Exploration | 670.50 | ▲ +1.07% | 127,302 | — | Neutral |
BAFLBank Alfalah Limited | Commercial Banks | 55.67 | ▼ −0.18% | 504,211 | — | Strongly bearish |
BAHLBank AL Habib Limited | Commercial Banks | 150.98 | ▲ +0.61% | 51,979 | — | Strongly bearish |
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| Commercial Banks | 91.50 | ▲ +0.11% | 139,102 | — | Strongly bearish |
MTLMillat Tractors Limited | Automobile Assembler | 300.75 | ▲ +0.93% | 180,355 | — | Bullish |
HMBHabib Metropolitan Bank Limited | Commercial Banks | 96.00 | ▼ −0.85% | 30,449 | — | Strongly bearish |
BOPThe Bank of Punjab | Commercial Banks | 28.85 | ▲ +0.14% | 2,297,836 | — | Strongly bearish |
NATFNational Foods Limited | Food & Personal Care | 315.04 | ▲ +0.24% | 441,016 | — | Strongly bearish |
APLAttock Petroleum Limited | Oil & Gas Marketing | 534.00 | ▲ +0.89% | 10,386 | — | Strongly bearish |
AHCLArif Habib Corporation Limited | Fertilizer | 15.13 | ▼ −2.13% | 8,847,875 | — | Strongly bearish |
ISLInternational Steels Limited | Engineering | 78.08 | ▲ +0.18% | 58,998 | — | Strongly bearish |
KAPCOKot Addu Power Company Limited | Power Generation & Distribution | 26.52 | ▲ +0.15% | 475,824 | — | Strongly bearish |
CSAPCrescent Steel & Allied Products Limited | Engineering | 88.21 | ▲ +0.34% | 117,117 | — | Strongly bearish |
How PSX dividends work, and what yield does not tell you
A dividend runs through four dates. The company announces it; the share goes ex on the ex-date, which is the first session it trades without the dividend attached; the register is read on the record date; and the cash arrives on the pay date, commonly several weeks later. Only the ex-date moves the price, and it moves it downwards by roughly the dividend — a mechanical adjustment, not a fall. Buying the day before the ex-date to "collect" the dividend gains you nothing you did not pay for.
Trailing yield, the column above, divides the last twelve months of declared dividends by today's price. It is backward-looking in both halves. A yield that has jumped is usually a price that has fallen, and the highest yields in any market are routinely companies the market expects to cut. Read it next to the payout the earnings can actually support: a yield of 15% on earnings per share that barely covers it is a warning, not an opportunity.
Dividends from listed companies are also taxed at source in Pakistan, at a rate that depends on the payer and on your Active Taxpayers List status, so the cash reaching your account is below the gross figure announced. For income exposure without picking individual payers, the exchange's own PSX Dividend 20 index is the reference, and income and money-market funds are the fund-level alternative.
Common questions
What is an ex-dividend date on the PSX?
The ex-date is the first session on which a share trades without the declared dividend attached. To receive it you must own the share before the ex-date, not on it — buying on the ex-date buys the share without that dividend. The price typically opens lower by roughly the dividend amount on that session, which is a mechanical adjustment rather than a fall in the company's value.
What is the difference between the ex-date, the record date and the pay date?
The ex-date is when the share starts trading without the dividend. The record date, usually a settlement cycle later, is the day the company reads its register to decide who is entitled. The pay date is when the money actually arrives, and on the PSX it commonly falls several weeks after the record date. Only the ex-date affects the price.
Which PSX stocks pay the highest dividends?
Trailing yield across the market is listed on this page. It is backward-looking — the last twelve months of dividends divided by today's price — so an unusually high figure is often a price that has fallen rather than a payout that has risen.
What is the PSX Dividend 20 index?
The PSX Dividend 20 selects twenty companies on their dividend record rather than their size, subject to liquidity and free-float thresholds. It is the closest thing the exchange has to an income benchmark and skews towards mature, cash-generative businesses in energy, fertiliser and banking.
Is dividend income taxed in Pakistan?
Yes. Dividends paid by listed companies are subject to withholding tax deducted at source, at a rate that depends on the payer and on whether the recipient is on the Active Taxpayers List. The figure that reaches your account is therefore lower than the gross dividend a company announces. Tax treatment is specific to your circumstances — take it up with a tax adviser rather than reading it off a yield table.
About this data
Announced actions are entered from company notices to the exchange and may be incomplete; always confirm an ex-date against the company's own announcement before dealing on it. Trailing yields are computed from end-of-day prices and reported payouts and are not a forecast of future dividends. PSX Expert is an independent analytics publisher, not a brokerage, adviser or tax adviser — see our methodology and disclaimer.