The Securities and Commodities Authority (SCA) announced that UAE public joint-stock companies distributed AED 61.73B in cash dividends and bonus shares over the last year.
The SCA’s exclusive report to the Emirates News Agency revealed that companies distributed AED 58B (94%) as cash dividends and AED 3.72B (6%) as bonus shares.
The banking sector led with AED 18.35B in cash dividends, followed by the energy sector at AED 11.36B. Telecommunications and utilities sectors contributed AED 8.73B and AED 8.72B, respectively.
The real estate sector ranked fifth, distributing AED 5.54B, with the transportation sector at AED 1.87B. Other sectors included services with AED 1.06B, insurance at AED 975.3M, investment and financial services at AED 849.9M, industrial at AED 274.04M, and consumer goods at AED 199.6M.
Non-listed companies distributed AED 60M in total.
The cash dividends included those approved by general assemblies and those based on interim financial results for 2023.
The banking sector also led bonus share distributions with AED 3.439B, followed by the services sector at AED 281.7M.