UAE dividend payouts grow at double-digit pace to hit new record | The National

UAE dividend payouts grow at double-digit pace to hit new record | The National:



"Dividends paid out by the UAE’s leading listed companies grew at a double-digit rate to a record last year – and they are expected to do the same in the current year.



Research by the Dubai-based investment bank Arqaam Capital shows that the payouts have grown each year since 2010 as the country’s economy recovered from the global economic crisis.



Money managers say the big payouts are a sign that companies and banks are not worried that the drop in the price of oil, a key component of economic growth in this part of the world, and regional political turbulence will dent earnings too badly."



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