USD 193 M Dividends Distributed by Palestine Exchange Listed Companies for 2017

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USD 193 M Dividends Distributed by Palestine Exchange Listed Companies for 2017

PEX listed companies total dividends distributed on shareholders grew 10% for the year 2017 and reached USD 193m, maintaining an increased pace  despite the geopolitical conditions in Palestine and the region.
 

 25 companies (52%) managed to distribute dividends for the 2017, 15 of which distributed cash dividends only while one company dividends were in stock only and the remaining 9 companies dividends were in cash and stock. Cash dividends total was USD 159,871,593 an increase of 4.5% comparing to 2016 while stock dividends value was USD 33,236,244, an increase of 50% comparing to 2016.

 

Ahmad Aweidah, CEO of PEX, expressed his satisfaction saying that these figures reflect steadiness in the companies’ performance which will increase investors’ confidence. He added that with these dividends PEX return on investment for 2017 reached 5.54%, much higher than interest offered by the banking sector and competitive in comparison to other regional markets.

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