Cash dividends endorsed, distributed by listed companies at JOD687mln

Amman, The value of cash dividends distributed or endorsed by companies listed on the Amman Stock Exchange (ASE) for 2018 amounted to a total of JOD686.8 million, according to data released by the ASE.

Earlier, the ASE said the net profit of listed firms jumped by 41.8 percent in 2018 to a whopping JOD1.17 billion compared with JOD824 million in 2017. The banking sector accounted for the largest chunk of cash dividends at JOD533 million, led by the Arab Bank with a total of JOD288 million or 45 percent of its capital.

Among top cash dividends distributers was the Arab Potash Company whose board of directors recommended the distribution of JOD100 million or 120 percent of its capital on shareholders.

Source: Jordan News Agency