Gulf companies distributed more than USD 33.58 billion in dividends in 2013, according to a survey by Argaam.

Dividends yields dropped to 3.1 percent in 2013 from 3.9 percent in the previous year as the companies’ market capitalization grew faster than dividends distributed.

 

Dividends Yields for Gulf market

change

2013

2012     

Period

+8%

 33.58

31.2

Total distributed dividends

(USD Billion)

+35%

 1090

807

Market Capitalization of distributing companies

(USD Billion)

(0.8%)

 3.1

3.9

dividends yield

(%)
 
  Muscat and Bahrain topped the list of the best dividends distributing markets, making more than 4 percent yield as shown in the following table:
 

Dividends Yield per Market

2013

Market yield%

2012

Market yield%

Market Capitalization

(USD Billion)

Total distributed dividends

(USD Billion)

 

Market

4.4

5.1

21

0.93

Muscat

4.2

4.3

22

0.93

Bahrain

3.8

4.6

123

 4.64

Abu Dhabi

3.4

4.3

199

6.60

Qatar

3.1

2.5

105

3.27

Kuwait

2.9

3.9

 527

15.12

Saudi Arabia

2.2

3.6

 93

2.09

Dubai
 

 Payout ratio of Qatari companies’ was the highest at 60%  followed by Kuwaiti and Saudi Companies at 59% and 55% respectively.

 

Payout ratio

No.ofdividends

distributing companies

No. of listed companies

Payout ratio

Market

36

43

60%

Qatar

82

183

59%

Kuwait

48

62

56%

Abu Dhabi

87

158

55%

Saudi Arabia

28

38

51%

Bahrain

43

54

50%

Muscat

25

40

46%

Dubai

 

 

Argaam’s survey for the largest 20 companies in terms of market capitalization indicated that “SAFCO” is the highest dividends yield company for the second consecutive year followed by Etisalat (UAE) and Qatar industries as follows:

 

Highest yield for the largest 20 companies

Yield %

Closingprice

(May 18,2014)

EPS*

Market

Company

7.4

162.00

12.00

Saudi Arabia

SAFCO

6.2

11.30

0.70

Abu Dhabi

Etisalat

5.9

186.50

11.00

Qatar

Qatar Industries

5.0

95.75

4.80

Saudi Arabia

Mobily

4.7

0.86

0.04

Bahrain

Ahli United

4.5

17.00

0.77

Abu Dhabi

First Gulf

4.3

16.35

0.70

Saudi Arabia

Saudi Electricity

4.2

118.00

5.00

Saudi Arabia

Sabic

3.9

36.80

1.45

Saudi Arabia

Riyadh Bank

3.9

0.64

0.03

Muscat

Muscat Bank

3.7

189.00

7.00

Qatar

Qatar National Bank

3.5

66.50

2.31

Saudi Arabia

Rajhi

3.4

66.00

2.25

Saudi Arabia

STC

3.1

40.00

1.24

Saudi Arabia

SAMBA

3.0

0.98

0.029

Kuwait

Kuwait National Bank

2.5

9.90

0.25

Dubai

Emirates-Dubai National

2.5

14.40

0.36

Abu Dhabi

Abu Dhabi National

2.0

49.10

1.00

Saudi Arabia

SABB

1.9

26.40

0.50

Saudi Arabia

Kingdom Holding

1.5

0.82

0.012

Kuwait

Kuwait Financial House

1.4

10.25

0.14

Dubai

Emaar
 

* According to market’s currency

  

  Port Services Corporation in Muscat (PSC) topped the list of the highest yield companies followed by the Kuwaiti Automatic Systems Company and UPAC. 

  

Highest yield Companies

Yield %

Closing price

(May 18,2014)

EPS*

Market

Company

13.6

0.44

0.060

Muscat

PortservicesCorp.

11.1

0.45

0.050

Kuwait

AutomaticSystems

10.4

0.75

0.078

Kuwait

UPAC

9.1

0.16

0.015

Kuwait

Futuretelecommunications

9.0

0.39

0.035

Kuwait

HumanSoft

8.4

0.42

0.035

Muscat

UnitedOmaniInsurance

8.4

0.18

0.015

Bahrain

Nas

7.9

25.20

2.00

Saudi Arabia

NorthernprovinceCement

7.8

0.51

0.040

Kuwait

KuwaitIndustrialprojects

7.8

0.45

0.035

Kuwait

CitiGroup

7.7

0.20

0.015

Kuwait

Mashaer

7.6

0.47

0.036

Bahrain

Alba

7.5

0.67

0.050

Kuwait

ZeinKuwait

7.4

0.27

0.020

Kuwait

Commercialfacilities

7.4

162.00

12.00

Saudi Arabia

SAFCO

7.4

1.56

0.115

Muscat

OmanTelecommunications

7.1

0.11

0.008

Kuwait

UnitedRealEstate

7.1

1.76

0.125

Kuwait

Wataniyatelecommunications

7.0

64.70

4.50

Qatar

DohaBank

7.0

14.38

1.00

Qatar

SalamInternational

6.9

0.80

0.055

Bahrain

DutyFree

6.9

0.55

0.038

Muscat

Nawras

6.8

91.75

6.25

Saudi Arabia

QassimCement

6.8

0.15

0.010

Kuwait

FinancialCenter

6.8

0.74

0.05

Bahrain

ArabBankingCorp.

6.7

45.00

3.00

Saudi Arabia

Al-Abdullatif

6.6

0.46

0.030

Kuwait

KuwaitPetroleum

6.4

0.14

0.009

Muscat

TFCI

6.4

110.00

7.00

Saudi Arabia

SaudiCement

6.3

0.24

0.015

Muscat

DhofarInsurance

6.2

1.38

0.085

Kuwait

PortlandCement

6.1

114.25

7.00

Saudi Arabia

SouthernCement

6.1

11.30

0.70

Abu Dhabi

Etisalat

5.9

1.18

0.07

Abu Dhabi

SharjahCement
 

* According to market’s currency

  

  Some thinly traded Companies made high yield ratio, mostly due to realizing extraordinary profits, led by Kuwait United Industries Company which had a dividend yield ratio of 18.9% after selling 29% of its SAFCO stake to Al-Qurain Petrochemical industries co.

Thinly traded Companies with High Yield%

Yield %

Closing price

(May 18,2014)

EPS*

Market

Company

18.9

0.13

0.025

Kuwait

UnitedIndustries

12.8

1.60

0.200

Muscat

UnitedEnergy

11.8

0.21

0.025

Kuwait

KuwaitSlaughterHouse

9.3

1.94

0.18

Dubai

ASCANA

8.8

0.16

0.014

Kuwait

NationalSlaughter House

8.6

2.90

0.25

Dubai

DubaiInsurance

8.5

0.12

0.010

Kuwait

Nakheel

7.9

6.30

0.50

Abu Dhabi

AbuDhabiNational Insurance

7.5

8.00

0.60

Abu Dhabi

EmiratesInsurance

6.5

0.31

0.020

Kuwait

KuwaitInsurance
 

* According to market’s currency

 

       

 

 

 

 

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