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Pakistan Market: Top dividend stocks for 2023 – By Sherman Research

  • By: Sherman Securities (Pvt.) Ltd.

  • - Published: Wednesday, 16 November 2022
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We are highlighting few stocks which are offering attractive dividend yield of 18%- 23%. This compares favorably against return of 14%-16% being offered by 1-year TBills and 3-year PIBs. These stocks will gain attraction once interest rates start coming down from 2HCY23 led by slowdown in CPI. Moreover, with decent room for capital appreciation as well, these stocks may generate handsome returns in 2023.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">HUBC: is offering attractive dividend yield of 23%. Record increase in electricity tariff has reduced risk of circular debt pileup in power sector. The company will get additional benefit from declining coal prices which will improve liquidity of it...

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