PAKISTAN: Al Meezan Investment Management has announced a fifth interim dividend cash payout of PKR0.58 (0.67 US cents) per unit for its Meezan Cash Fund.
Unit holders will also receive bonus units of 1.16 units, at the ex-dividend net asset value of PKR50 (58.17 US cents), for every 100 units of the fund that they own.
The fund’s net assets currently stand at PKR5.8 million (US$67,473). Its annualized return for the period ended the 27th June 2011 was 11.01%.