Dubai Electricity and Water Authority PJSC shareholders approve payment of AED 4.77bln in dividends to shareholders

Dubai Electricity and Water Authority PJSC shareholders approve payment of AED 4.77bln in dividends to shareholders

- Shareholders approved the payment of H2, 2022 dividend of AED 3.1 billion

- Shareholders approved the payment of a one-time special dividend of AED 1.67 billion

- Record date for dividends is set for 20 April 2023 with distributions intended to occur thereafter

- Next twelve months (NTM) Dividend Yield stands at 6.3%, considering IPO price of AED 2.48 / share

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AED 3.1 billion

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AED 1.67 billion

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AED 3.1 billion

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6.3%

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6.2 fils / share

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3.34 fils / share

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6.2 fils / share

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NTM Dividend Yield

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Apr 2023

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Apr 2023

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Oct 2023

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Considering IPO Share

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Approved

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Approved

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Semi Annual Dividend

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Price of AED 2.48 / share

Dubai, UAE: Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported that its shareholders approved the payment of total dividends of AED 4.77 billion with a record date of 20 April 2023. This was approved at DEWA’s general assembly, which was held today (Monday, 10 April 2023) at the Address Boulevard Hotel Dubai as well as virtually.

General Assembly Details

The meeting, chaired by HE Matar Humaid Al Tayer, Chairman of the Board of Directors of DEWA,