Dubai Utility Approves Shareholder Dividend Payout

Dubai Utility Approves Shareholder Dividend Payout

Dubai, United Arab Emirates – In a move that will likely please investors, Dubai Electricity and Water Authority (DEWA), the emirate’s sole provider of electricity and water services, announced approval for a total dividend payout of AED 3.1 billion. The decision comes after a meeting of the company’s board of directors held on March 28, 2024. The announcement highlights DEWA’s financial strength and its commitment to rewarding […]

via Dubai Utility Approves Shareholder Dividend Payout

Dubai, United Arab Emirates – In a move that will likely please investors, Dubai Electricity and Water Authority (DEWA), the emirate’s sole provider of electricity and water services, announced approval for a total dividend payout of AED 3.1 billion. The decision comes after a meeting of the company’s board of directors held on March 28, 2024.

The announcement highlights DEWA’s financial strength and its commitment to rewarding its shareholders. The substantial dividend payout reflects the company’s profitability and its ability to generate consistent returns for its investors. This financial strength is likely due in part to Dubai’s growing economy and the ever-increasing demand for electricity and water in the emirate.

The windfall for shareholders will be distributed based on a record date set for April 8, 2024. Those who