Ranking · close of 16 Oct 2026

Fastest dividend growth on PSX

PSX companies that have raised their dividends fastest while paying every year. Pakistan National Shipping Corporation (PNSC) leads the list at 58.5%.

How this list is built: Compound annual growth of the dividend per share over five years. Companies that paid a dividend in each of the last five years. Only companies with results from the last two years (and, for price-based lists, a trade in the last month) are included. Figures are as reported: an unusually high value often reflects a one-off dividend or gain, so check the company's history before reading too much into it. What is Dividend per share (DPS)?

Fastest dividend growth on PSX
#		Sector
1	PNSC Pakistan National Shipping Corporation	Transport	58.5%	Rs 551.05	Rs 109.2 bn	5.1×	3.6%	19.8%
2	NATF National Foods Limited	Food & Personal Care Products	49.6%	Rs 315.10	Rs 73.5 bn	2.8×	9.5%	24.8%
3	PAKD Pak Datacom Limited	Technology & Communication	48.7%	Rs 122.11	Rs 1.4 bn	25.2×	4.9%	10.7%
4	MRNS Mehran Sugar Mills Limited	Sugar & Allied Industries	47.9%	Rs 61.00	Rs 4.6 bn	3.2×	9.0%	57.6%
5	LOTCHEM Lotte Chemical Pakistan Limited	Chemical	46.1%	Rs 25.60	Rs 38.8 bn	7.6×	19.5%	4.9%
6	SYS Systems Limited	Technology & Communication	44.4%	Rs 116.74	Rs 172.0 bn	15.5×	1.7%	25.3%
7	MEBL Meezan Bank Limited	Commercial Banks	42.6%	Rs 547.85	Rs 986.4 bn	10.7×	5.1%	33.8%
8	ATLH Atlas Honda Limited	Automobile Assembler	42.3%	Rs 1,565.11	Rs 194.2 bn	8.7×	6.5%	51.0%
9	HINOON Highnoon Laboratories Limited	Pharmaceuticals	38.5%	Rs 931.50	Rs 49.4 bn	12.5×	5.4%	32.3%
10	COLG Colgate-Palmolive (Pakistan) Limited	Food & Personal Care Products	38.0%	Rs 1,106.99	Rs 268.7 bn	14.4×	5.8%	47.3%
11	UBL United Bank Limited	Commercial Banks	37.5%	Rs 415.25	Rs 1.04 tn	8.0×	7.1%	31.5%
12	HBL Habib Bank Limited	Commercial Banks	36.3%	Rs 290.79	Rs 426.5 bn	6.4×	6.9%	14.9%
13	BWHL Baluchistan Wheels Limited	Automobile Parts & Accessories	34.8%	Rs 225.00	Rs 3.0 bn	9.6×	8.9%	13.3%
14	CHCC Cherat Cement Company Limited	Cement	34.5%	Rs 270.88	Rs 52.6 bn	7.3×	2.0%	19.9%
15	SPEL SPEL Limited	Paper, Board & Packaging	34.0%	Rs 39.75	Rs 7.5 bn	6.6×	2.5%	16.9%
16	DOL Descon Oxychem Limited	Chemical	32.0%	Rs 29.56	Rs 5.2 bn	13.1×	13.5%	12.2%
17	AGP AGP Limited	Pharmaceuticals	32.0%	Rs 162.48	Rs 45.5 bn	12.2×	4.9%	25.9%
18	EPQL Engro Powergen Qadirpur Limited	Power Generation & Distribution	31.4%	Rs 23.78	Rs 7.7 bn	10.7×	49.4%	6.5%
19	PPL Pakistan Petroleum Limited	Oil & Gas Exploration Companies	27.9%	Rs 219.86	Rs 598.2 bn	6.1×	5.5%	13.2%
20	BAHL Bank AL Habib Limited	Commercial Banks	27.2%	Rs 149.80	Rs 166.5 bn	5.9×	10.0%	19.6%
21	TICL The Thal Industries Corporation Limited	Sugar & Allied Industries	27.2%	Rs 784.00	Rs 11.8 bn	5.1×	1.3%	20.9%
22	FFC Fauji Fertilizer Company Limited	Fertilizer	27.0%	Rs 538.00	Rs 774.2 bn	8.8×	6.9%	33.2%
23	CENI Century Insurance Company Limited	Insurance	27.0%	Rs 33.90	Rs 3.0 bn	6.0×	11.1%	16.4%
24	THALL Thal Limited	Automobile Parts & Accessories	24.6%	Rs 508.00	Rs 41.2 bn	3.9×	5.9%	18.5%
25	NESTLE Nestle Pakistan Limited	Food & Personal Care Products	23.5%	Rs 7,000.00	Rs 317.4 bn	18.9×	8.0%	86.5%
26	BWCL Bestway Cement Limited	Cement	23.4%	Rs 443.34	Rs 264.3 bn	10.3×	9.0%	19.4%
27	APL Attock Petroleum Limited	Oil & Gas Marketing Companies	22.7%	Rs 531.03	Rs 66.1 bn	3.9×	11.3%	24.6%
28	UPFL Unilever Pakistan Foods Limited	Food & Personal Care Products	22.3%	Rs 25,450.00	Rs 162.1 bn	27.3×	6.5%	59.0%
29	HMB Habib Metropolitan Bank Limited	Commercial Banks	21.7%	Rs 96.16	Rs 100.8 bn	5.0×	12.5%	18.5%
30	BAFL Bank Alfalah Limited	Commercial Banks	21.3%	Rs 55.59	Rs 175.3 bn	5.2×	9.4%	14.6%
31	OGDC Oil & Gas Development Company Limited	Oil & Gas Exploration Companies	19.8%	Rs 302.11	Rs 1.30 tn	5.4×	5.6%	16.9%
32	PAKT Pakistan Tobacco Company Limited	Tobacco	18.9%	Rs 1,408.99	Rs 360.0 bn	10.5×	10.6%	60.2%
33	SCBPL Standard Chartered Bank (Pak) Ltd	Commercial Banks	18.8%	Rs 59.99	Rs 232.3 bn	8.1×	10.8%	25.2%
34	ICL Ittehad Chemicals Limted	Chemical	18.7%	Rs 131.00	Rs 13.1 bn	8.4×	3.1%	14.2%
35	HABSM Habib Sugar Mills Limited	Sugar & Allied Industries	16.9%	Rs 79.94	Rs 10.8 bn	5.7×	7.5%	10.2%
36	ATIL Atlas Insurance Limited	Insurance	16.4%	Rs 74.50	Rs 11.1 bn	4.5×	11.4%	21.7%
37	DYNO Dynea Pakistan Limited	Chemical	15.6%	Rs 332.00	Rs 6.3 bn	5.8×	4.7%	20.6%
38	POL Pakistan Oilfields Limited	Oil & Gas Exploration Companies	14.9%	Rs 671.01	Rs 190.5 bn	5.6×	14.9%	38.2%
39	ABL Allied Bank Limited	Commercial Banks	14.9%	Rs 170.08	Rs 194.8 bn	5.7×	9.4%	14.3%
40	AGIC Askari General Insurance Company Limited	Insurance	13.8%	Rs 40.34	Rs 4.1 bn	4.8×	11.8%	19.6%
41	INDU Indus Motor Company Limited	Automobile Assembler	13.5%	Rs 1,797.92	Rs 141.3 bn	5.5×	10.8%	31.1%
42	MCB MCB Bank Limited	Commercial Banks	12.5%	Rs 372.00	Rs 440.8 bn	7.7×	9.7%	18.7%
43	MARI Mari Energies Limited	Oil & Gas Exploration Companies	11.5%	Rs 633.13	Rs 760.2 bn	8.7×	4.3%	29.2%
44	JGICL Jubilee General Insurance Limited	Insurance	11.4%	Rs 77.00	Rs 15.3 bn	3.6×	7.8%	19.6%
45	HUBC The Hub Power Company Limited	Power Generation & Distribution	10.8%	Rs 194.19	Rs 251.9 bn	5.1×	10.3%	21.8%
46	NPL Nishat Power Limited	Power Generation & Distribution	10.8%	Rs 53.20	Rs 18.8 bn	7.6×	4.7%	8.6%
47	SRVI Service Industries Limited	Leather & Tanneries	10.8%	Rs 175.99	Rs 82.7 bn	9.4×	1.0%	43.6%
48	PPP Pakistan Paper Products Limited	Paper, Board & Packaging	9.9%	Rs 138.99	Rs 1.1 bn	6.7×	5.8%	9.2%
49	AICL Adamjee Insurance Company Limited	Insurance	9.9%	Rs 93.60	Rs 32.8 bn	5.7×	4.3%	12.0%
50	IGIHL IGI Holdings Limited	Insurance	9.9%	Rs 248.50	Rs 35.4 bn	4.7×	3.2%	7.8%

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