Dubai utility giant DEWA to pay a dividend of Dh3.1 billion for H1 2023

Dubai: Dubai Electricity and Water Authority said Tuesday that it will pay its shareholders a dividend of Dh3.1 billion or 6.2 fils per share for the first half of 2023.

The Board of Directors of DEWA authorised the payment of H1 2023 dividend on August 10, 2023 with a record date of October 18, 2023.

The dividend will be paid to all shareholders via Dubai CSD on October 26.

“We continue to make great progress in the execution of our strategy which is focused on delivering sustainable growth, staying at the forefront of smart and innovative operational excellence, and optimising returns for all our stakeholders while minimising our environmental footprint. We intend to continue to deliver on our growth trajectory, delivering robust cash generation, a strong balance sheet and exceptional returns to shareholders.” said Saeed Mohammed Al Tayer, MD & CEO of DEWA

“For our shareholders, this means that DEWA’s strategy is focused on ensuring consistency of returns, durability of growth, and compounding our growth value over time. This forms the basis of our core value proposition to our shareholders.”