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6.43% Dividend yield to market cap. in 2012

2013-06-27

Ahmad Aweidah, CEO of the Palestine Exchange (PEX), announced that the amount of cash dividends distributed by listed companies on the PEX was USD 126,866,108  for the year 2012.

Top ranking by cash dividends

Palestine Telecommunications (PALTEL) ranked first with cash dividend of USD 83,659,958 followed by Palestine Development & Investment Company (PADICO) which distributed USD 12,500,000 in cash. Bank of Palestine (BOP) was third with a cash dividend of USD 10,050,000 and fourth was Palestine Electric Company (PEC) which distributed USD 6 million in cash.

Top ranking by cash dividend yield

Jerusalem Cigarette Company (JCC) ranked first with 13.46% yield, followed by the Arab Company for Paints Products (APC) with 9.92%.

Ahmad Aweidah said:

"Cash dividends in 2012 grew by 6.72% compared to 2011. This corresponds to the outstanding performance of many PEX listed companies; (34) out of (49) companies were profitable in 2012, profits exceeded 224.7 million USD. Even though 2012 was full of challenges in Palestine on all levels, listed companies proved their resilience and achieved exceptional profits." Aweidah hoped that this performance will have a positive impact on trading volumes and market liquidity.

 

 

 

 

 

 

The Palestine Exchange is the most rewarding exchange in the region with the highest dividend yield; it averaged around 6% for the past 5 years.

 

 

 


 

2017-04-30
VOIC approves distributing 60% cash dividends for the year 2016

2017-04-30
Acceleration in the quarterly disclosures’ pace and dividends distribution momentum

2017-04-26
UCI reports net income of $0.18 million in Q1 2017

2017-04-25
PSE realizes net loss of $0.27 million in Q1 2017

2017-04-25
JREI realizes net loss of $0.07 million in Q1 2017

2017-04-25
AIB reports net income of $1.55 million in Q1 2017

2017-04-25
BJP posts net income of JD0.89 million in Q1 2017

2017-04-25
WATANIYA realizes net loss of $1.12 million in Q1 2017

2017-04-25
NAPCO records net income of JD0.13 million in Q1 2017

2017-04-25
APIC approves distributing 6.06% stock dividends and 6% cash dividends for 2016

2017-04-25
APIC records net income of $3.57 million in Q1 2017

2017-04-23
PEC records net income of $3.60 million in Q1 2017

2017-04-23
TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

2017-04-20
Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

2017-04-19
TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

 
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