Pakistan's Allied Bank Ltd. lowered its dividend for the year ended Dec. 31, 2017.
The lender's board declared a final dividend of 1.75 rupees per share, according to a Feb. 21 release. This is the same as the final dividend for the prior year.
Along with an interim dividend of 5.25 rupees per share, the bank's total dividend came to 7 rupees per share, down from 7.25 rupees per share in 2016.
As of Feb. 21, US$1 was equivalent to 110.59 Pakistani rupees.
