⏸️ HUBC: HOLD Signal (5/10) – Newspaper Advertisement of the Notice of Dividend and Book Closure for the Period Ended September 30, 2025

📌 Key Takeaways

• 💰 HUBCO declares an interim cash dividend of Rs. 5 per share (50%) on ordinary shares.
• 🗓️ Dividend decision made in the Board of Directors meeting on October 30, 2025.
• 🏦 Eligibility for dividend is based on the Register of Members as of November 11, 2025.
• 🚫 Share transfer books will be closed from November 12, 2025, to November 14, 2025.
• 🧾 Withholding tax on dividend will be applied according to the Income Tax Ordinance, 2001.
• 📊 Tax rate is 15% for shareholders on the ATL list and 30% for others.
• 📑 Corporate members holding CDC accounts must provide their National Tax Number (NTN).
• ✍️ Members holding share certificates should submit NTN copies to FAMCO Share Registration Services.
• 👥 Tax deduction on joint shareholding will be proportional to shareholding percentages.
• ✅ Valid income tax exemption certificates must be submitted to the Share Registrar before the book closure date to avoid tax deduction.
• 💳 Shareholders must provide their bank account details for electronic transfer of dividends.
• 📍 Changes in address and declarations for non-deduction of Zakat should be submitted to the Share Registrar.
• 🌍 Non-resident shareholders must submit a declaration with a copy of their passport for tax deduction purposes.
• 🆔 Individuals must submit copies of their valid CNIC to receive dividend payments.

🎯 Investment Thesis

HOLD. While the dividend announcement is positive, a comprehensive analysis of HUBCO’s financials, including revenue, profitability, and cash flow, is needed to make a strong buy recommendation. The current dividend yield supports a hold rating, pending further financial information and assessment of sector dynamics. Price target: To be determined based on a detailed financial model and peer comparison. Time horizon: Medium Term