The total cash dividends for 51 companies listed on the UAE stock markets so far amounted to about 41 billion dirhams, for the year 2021, which is the best dividend at the regional level.
The total distributions of 31 companies listed on the Abu Dhabi Stock Exchange amounted to nearly 32 billion dirhams, while the total distributions of 20 companies listed on the Dubai Financial Market amounted to 9.1 billion dirhams.
Experts and analysts believe that cash dividends are an important indicator for investors to judge companies' strength, solvency and cash flows, as well as being a safe haven for them, and one of the most important drivers of markets, According to Al Bayan newspaper.
Etisalat ranked first in terms of the largest total value of dividends at 6.95 billion dirhams, equivalent to 80 fils per share, half of which was approved for the first half of last year , while the second half is still subject to approval.
"First Abu Dhabi Bank" came in second place with 5.35 billion dirhams, equivalent to 49 fils per share, in addition to free stock dividends worth 2.29 billion dirhams, then "TAQA". » 3.35 billion dirhams, followed by "Emirates NBD" 3.15 billion dirhams, and "ADNOC Distribution" 2.57 billion dirhams.
Adnoc Drilling came in sixth place with a total distribution of 2.52 billion dirhams, then "Dubai Islamic" 1.8 billion dirhams, then "Vertiglobe" 1.25 billion dirhams, followed by “Aldar Properties” 1.17 billion dirhams, then “Abu Dhabi Islamic” 1.13 billion dirhams.
There are still many companies that have not yet disclosed their cash dividends for the past year, as the total value of distributions is expected to rise, during the next few weeks, with successive Companies have disclosed their proposals, and many of these distributions have been approved by the general assemblies, while some are still proposed, awaiting approval, during the coming period.
