The Group's Annual Report on Cash Dividends
of QSE Listed Companies in 2018
04 April 2019
The
Group has issued its annual report on the yearly dividends of
the companies listed on the Qatar Stock Exchange for the year
2018. The report shows that out of 45 listed companies, 35 have
announced dividend distributions for the year 2018 (excluding
QAMCO). The average cash yield amounted to 4.24% for all listed
companies, and about 4.91% when companies that did not announce
any cash dividends are excluded.
The
total cash dividends amounted to QR 22.2 billion, of which the
largest share of QR 10.22 billion was distributed by the banking
sector, i.e. 46% of the total allocations. The industrial sector
accounted for 30% of the distributions at a total of QR 6.5
billion, followed by Real Estate with a total of QR 1.4 billion,
or about 6%.
In
terms of dividend yield (the figure obtained by dividing the
annual dividend price by the market price of the share), the
average of the banking sector amounted to about 4.50%, led by Al
Khaliji Commercial Bank, with a return of 6.52%, while Qatar
National Bank ranked last with a return of 3.14%. The Industrial
Sector recorded an overall average return of 4.40%, with Qatar
Cement achieving the highest yield in the sector at 7.06%,
whereas Qatari Investors made the lowest yield at 2.79%. It
should be noted that Gulf International Services Co. did not
announce any dividends.
As
for the Real Estate sector, the average return was 4.80%,
Transportation sat at 4.60%, and Services & Consumer Goods
recorded a 4.17% return. The Insurance sector saw an average
return of 4.53%, while the sector of Financial Services came in
at 2.63%.
In
terms of growth of distributions for the last three years
(2018-2016), the Banking sector came in the forefront with a
growth rate of about 26%, followed by Services & Consumer Goods
by 11%.
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