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43 out of 66 public listed companies (local & foreign) in Abu Dhabi Securities Exchange (ADX) announced the distribution of cash dividend. The amount of cash dividend announced by the 43 companies was AED 22.7 billion.
The amount of cash dividend distributed by the listed companies grew by 9% from 2015 where the companies distributed AED 20.8 billion.
The total number of local and foreign investors who benefited from cash dividend distributed by the local listed companies which was AED 21.7 billion Dirhams in 2016 reached 201,400 thousand investors.
ADX distributed AED 10.8 billion, around %50 of total distributions, through direct transfer of dividends to shareholder's bank accounts while AED 10.9 billion were paid through cheques.
“Last year, 65% of listed companies (local & foreign) approved distribution of a cash dividend to their shareholders. Around 43 companies out of 66 have scored profits totaling AED 33.7 billion,” said Rashed Al Blooshi, Chief Executive of ADX.
The total number of investors in ADX by the end of 2016 has reached 961.8 thousands.
Al Blooshi added that “the integrated digital services in ADX, which made it the first among the region's Exchanges in distribution of cash dividend directly to shareholders bank accounts, aims at ensuring a high degree of accuracy, transparency in monitoring, and follow-up. Thus it is important for investors to update their International Bank Account Number (IBAN) to ensure accuracy and credibility in receiving their cash dividend distribution.”
“The high yield cash dividend distributions, are one of the most important incentives to attract investors. These distributions play an important role in stimulating the liquidity drive in ADX, because much of it is pumped into the Exchange again.” Added Al Blooshi
ADX Chief Executive reiterated: “We would like to urge investors to update their contact details and their bank accounts information, including the International Bank Account Number (IBAN) so as they can receive their cash dividend distribution in a prompt manner. ADX has provided multiple and easy ways to accomplish this, both through the e-services provided to investors on the Exchange’s website, or through the investor’s broker.
By end of 2016, ADX general index grew by %5.5, and the volume of trades reached 29 billion shares which is %6 growth compared to 2015, whereas market capitalization of listed companies reached 475 billion Dirhams.
