Question 1 .

Dividend Policy

Select each company from the following 5 sectors listed in Pakistan Stock
Exchange. You can see the list of companies at www.psx.com.pk. ?

a) chemical
b) Cement
c) Textile
d) Food Producer
e) Glass & Ceramics

From the annual report of the company, Discuss the dividend policy and payout
ratio of each company during 2017 and 2018. (Annual report can be downloaded
from the company website).?

The Board has announced a final cash dividend of Rs 0.20 per share for 2017 (2016: Nil), subject to the approval of the
shareholders in the annual general meeting scheduled to be held on 20 April 2018.

Nfl

Dividend income is recognised when the Company's right to receive payment is established.
Dividend distribution to the Company's shareholders and appropriations to / from reserves are recognised in the period
in which these are approved.