Media ININ Economy We Trust
Media In – Abu Dhabi, March 27, 2018
The proposed cash dividends of listed companies in the Abu Dhabi and Dubai financial markets were AED 35.8 billion for the year 2017, according to the latest statistical updates on returns that companies have decided to distribute to their shareholders.
An analysis of these statistics shows that corporate dividends for the year 2017 grew by 25.6 percent compared to those distributed from corporate profits in 2016, which amounted to 28.5 billion dirhams, according to figures issued by the Securities and Commodities Authority.
By the end of March 26, the number of companies that decided to distribute profits to their shareholders increased to 66 companies distributed across all sectors listed in Abu Dhabi and Dubai Financial Markets.
The average annual return on investment for the total listed companies in the two markets rose to 5.46% while the average dividend yield in relation to the number of free shares in companies that announced the distribution of profits to about 51%.
The banking sector was the most distributed with the rest of the other listed sectors, with 13 banks distributing about 18 billion dirhams, while 5 banks did not announce any distributions so far. The sector accounted for 52.95% of total dividends.
The value of distributions of 5 banks traded on the Dubai Financial Market reached AED 6.1 billion, while the value of distributions of 8 banks listed on the Abu Dhabi Securities Exchange reached AED 11.9 billion.
The number of insurance companies that decided to distribute profits to their shareholders 15 companies, while the number of banks 13 banks and 8 companies in the areas of Al-Shide and real estate, and 7 companies in the finance and investment sector, 5 companies in the service sector and 4 companies in the contracts sector.
