Main menu

Pages

EGP 2.5 billion dividends for stock exchange companies during the first 3 months of 2021



The Egyptian Stock Exchange's weekly report revealed that the listed companies distributed cash dividends amounting to 2.5 billion pounds until March 21st. This came despite the Central Bank of Egypt’s decision not to allow banks to make cash dividends from annual or withheld profits that are distributable to shareholders, and the profits were distributed between 2,271 million pounds. During the month of January, and 257 until March 21.

 

The companies listed on the Egyptian Stock Exchange had distributed cash dividends to shareholders amounting to 23.7 billion pounds during the year 2020, divided into 83 million pounds and 45 million pounds, during the months of January and February respectively, 206 million pounds during the month of March, and the month of April scored the highest in distributions. With a value of 13.518 billion pounds.

 

Stock exchange companies distributed profits of 487 million pounds during May, 299 million pounds during June, 2.774 billion pounds in July, 433 million pounds in August, 135 million pounds during September, and 1.8 billion pounds during October. 3.6 billion pounds in November, and 517 million pounds in December.

 

Cash dividends are defined as how much companies pay in dividends every year in relation to their share price, and 92 companies listed on the Egyptian Stock Exchange achieved cash dividends of about 23.8 billion pounds during 2019.

 

The Egyptian Stock Exchange, a leading market in the region, is registered with a number of individual investors, financial institutions and investment funds. The registration helps to provide many advantages, including the financing necessary to help industrial, commercial and service entities achieve sustainable growth and diversify the sources of financing available to them.

 

The offering on the stock exchange contributes to expanding the ownership base for companies, improving the performance of companies, enhancing the principles of transparency and governance systems in them and diversifying their resources. The offering aims to develop, develop and revitalize the flow of capital and trading on the Egyptian Stock Exchange, and raise the market capital to be more attractive to investors.

reactions
author-img
Tucson Company Inc It is one of the best Egyptian companies specialized in the field of creating and developing Android applications and games, selling them to others, and publishing them through all the services of publishing free and paid applications and games

Comments