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 (%) |
|
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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