Islamabad, The Oil and Gas Development Company Limited (OGDCL) has declared an additional interim cash dividend of Rs 2.00 per share (20 percent) for the quarter ended March 31, 2024. This announcement follows an earlier dividend payment of Rs 4.1 per share (41 percent), making it a significant return to shareholders this fiscal quarter.

According to Oil and Gas Development Company Limited, the decision was approved during a board meeting held on April 29, 2024, in Islamabad.

Shareholders registered by May 9, 2024, will be eligible for the dividend, with the company's share transfer books remaining closed from May 10 to May 13, 2024. Transfer requests processed at the CDC Share Registrar Services Limited in Karachi by the close of business on May 9 will also qualify for this dividend.

In addition to the dividend announcement, OGDCL provided detailed financial results and summaries of accounts, along with performance highlights for the quarter, which are enclosed in the company's report as Annex-I, II, and III. The comprehensive quarterly report for the period will also be distributed through PUCARS, adhering to the specified timelines.