Thursday 30 January 2014

Bumper UAE bank dividends may be on the way | The National

Bumper UAE bank dividends may be on the way | The National:



"UAE bank shareholders are set to reap bumper dividends after the country’s biggest banks added billions of dirhams in fourth-quarter profits.



A slew of double-digit earnings increases from the UAE’s largest lenders has capped a year defined by rebounding consumer confidence, rising spending and surging property prices.



The Abu Dhabi-based lender First Gulf Bank said yesterday it planned to distribute a 100 per cent dividend, which translates to Dh1 a share, after its profit gained 15 per cent in 2013."



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