The number of listed companies that have outsourced the dividend distribution process to DFM increased from 13 companies during the previous year to 26 companies this year. Investors received their dividends via iVESTOR Card, bank transfer as well as cheques.
Commenting on this, His Excellency Essa Kazim, Chairman of DFM, said, “As part of its strategy to provide various market participants with smart and efficient solutions, DFM has been providing its cash dividend distribution service since 2011 in a leading step amongst stock markets in the region. This service is gaining momentum yearly with listed companies recognizing its value as an efficient and seamless solution that eliminated the lengthy process of cash dividend distribution in the past. DFM has extensively invested and earmarked the necessary resources whether from a technical or human resources perspective in order to develop an all-inclusive service that incorporates various distribution channels in line with investors’ preference. We have also mobilized a dedicated and specialized team in order to achieve the highest levels of satisfaction of investors, listed companies and other market participants.”
Table summarizes the details of DFM’s cash dividend distribution for the financial year 2015:
|Number of companies||26|
|Number of shareholders||223,000|
|Paid dividends||AED 10.51 billion|