Stocks Observer. com

KARACHI: Arif Habib Investments (AHI) has declared the dividend for two of its open-end fixed income funds for the month of February 2009. Pakistan Income Enhancement Fund (PIEF) has declared a dividend of Rs 1.48 per unit to all unit holders whose name appeared in the register of unit holders on February 25, 2009. The current payout translates to a dividend distribution of 2.96 percent on face value. The year-to-date annualised return of PIEF is 17.63 percent as compared to the industry average of 2.93 percent. The Fund has declared an annualised distribution of 16.40 percent of the par value since inception.