DEWA approves dividend payment of Dh3.1 billion to shareholders for H2-2024

Dubai: Dubai Electricity and Water Authority (DEWA) reported that its shareholders have approved the payment of total dividend of Dh3.1 billion for H2 of 2024, with a record date of 31 March 2025.

For shareholders who are invested in DEWA’s shares prior to the dividend record date of 31 March 2025 (with a Last Entitlement Date of 27 March 2025), the next twelve-month dividend yield is 5.0 per cent with reference to IPO share price of Dh2.48 per share.

Matar Humaid Al Tayer, Chairman of DEWA, said "At DEWA, we take great pride in being a key pillar of this success, ensuring that the energy and water infrastructure keeps pace with the rapid growth Dubai is witnessing. Our commitment to sustainable growth, innovation and value creation remains stronger than ever."

"The past year is a testament to DEWA’s resilience, adaptability and forward-thinking approach. Through cutting-edge technologies, smart solutions, and world-class governance, DEWA continues to set new benchmarks in operational and financial excellence," added Al Tayer.

Saeed Mohammed Al Tayer, MD & CEO of DEWA, said: "In 2024, DEWA Group delivered another year of strong performance, reporting consolidated full-year revenue of Dh30.98 billion, EBITDA of Dh15.73 billion and net profit after tax of Dh7.23 billion. Our consolidated annual revenue grew by 6.17 per cent, primarily driven by rising demand for electricity, water, and cooling services."