Media ININ Economy We Trust
Media IN Abu Dhabi 25 June 2018 / WAM /
The total value of dividends for listed companies in the Abu Dhabi and Dubai Financial markets reached AED 33 billion for the year 2017, a growth of 17.8% compared to AED 28 billion for the year 2016.
According to the final statistics issued by the Securities and Commodities Authority (SCA), cash dividends amounted to AED 32 billion representing 96.8% of the total value of dividends distributed to listed companies.
The bonus shares approved by the General Assemblies for the year 2017 were AED 1.1 billion compared to AED 550 million for the year 2016.
As usual, the banking sector topped the list of the largest sectors in terms of total cash dividends amounting to 16.6 billion dirhams, representing about 52% of the total distributions to all companies.
Telecommunications sector ranked second with AED 8.5 billion, or 26.55% of the total. The real estate sector ranked third with AED 3.52 billion, investment and financial services at AED 875 million and AED 708 million in the industrial sector. Which did not record any cash dividends.
According to the preliminary indicators, the average annual return on investment for the total listed companies increased 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 52%.
