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To the tune of AED39 billion in cash dividends have been paid out by listed Emirati companies for their stockholders for the year 2018.
The generous cash distributions, which earn the UAE companies the lead over other Middle East-based firms in terms of dividend payouts, are reflective of the high-yield stocks traded in the country's two main bourses: Abu Dhabi Securities Exchange and Dubai Financial Market, primarily the banking, real estate and telecommunications shares.
According to official figures, the 2018 cash distributions grew 21.8 percent from AED33 bn in 2017, with banks getting the lion's share of AED19.917 bn, which accounts for 48.5 percent of the total cash dividends paid out by all listed national firms. The average annual investment return on the listed banks stood at 4.89 percent, with free-flowing shares' cash distributions valued at AED10.131 bn.
The telecom came second with AED8.544 bn against AED8.5 bn in 2017.
On the real estate sector, cash dividends amounted to AED 4.254 bn; AED1.688 bn on the services sector; AED1661 bn on the transportation & logistics sector; AED1.431 bn on the leisure & hospitality; and AED702 million on the investment and financing, with the remaining value of dividends distributed on other listed sectors.
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