After the first-half earnings season, there have been rich takings for shareholders on DFM, with DEWA set to distribute Dh3.1 billion, while Salik rewarded theirs with Dh548 million. The telecom operator du was another to please its investors with Dh589.27 million.
“It’s been a rewarding season for investors on DFM – not only has the index been one of the best performing, some of the blue-chips came out with these dividends,” said an analyst. “Based on today’s price, Empower’s yield works out to 4.5 per cent and DEWA would be 5 per cent plus.
“Along with the announcements made by Abu Dhabi’s utility and energy blue chips after their own H1-23 results, it’s been a few good weeks for investors.”