KARACHI, March 3: The Hub Power Company Limited (Hubco) on Thursday announced an interim cash dividend at the rate of 13 per cent i.e. Rs1.30 per share.

The board of directors of Hubco met here on Thursday to approve the interim dividend for the year ending June 30, 2005.

"The board is pleased to announce an interim dividend at Rs1.30 per share i.e. 13 per cent. The interim dividend will be paid to the shareholders whose names appear in the Register of members at the close of business on April 4, 2005," the statement added.

It said that as already announced on February 8, the books would remain closed from April 5. The shareholders (non-CDC) have been requested to promptly notify the company's Registrar of any change in their addresses. The CDC shareholders should update their address with the CDC participants. -APP