Dubai Islamic Bank P.J.S.C., together with its subsidiaries, engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally. The company operates through five segments: Consumer Banking, Corporate Banking, Treasury, Real Estate Development, and Others. The Consumer Banking segment accepts deposits; and offers consumer murabahas, salam, home finance, ijarah, credit cards, and fund transfer facilities, as well as priority banking and wealth management services. The Corporate Banking segment provides current accounts, deposits, cash management, and risk management products, as well as financing and other credit facilities to corporate and institutional customers. The Treasury segment offers treasury services. The Real Estate Development segment is involved in the property development and other real estate investment activities. The Other segment provides investment banking services. It also offers brokerage, Islamic finance advisory, and labor services; property management services; outsourcing, marketing, and consultancy services; printing and investment services; and vehicle trading services. Dubai Islamic Bank P.J.S.C. was incorporated in 1975 and is headquartered in Dubai, the United Arab Emirates.
Dubai Islamic Bank Dividend Announcement
• Dubai Islamic Bank announced a annually dividend of د.إ0.45 per ordinary share which will be made payable on . Ex dividend date: 2024-03-07
• Dubai Islamic Bank annual dividend for 2024 was د.إ0.45
• Dubai Islamic Bank annual dividend for 2023 was د.إ0.30
• Dubai Islamic Bank's trailing twelve-month (TTM) dividend yield is 7.2%
• Dubai Islamic Bank's payout ratio for the trailing twelve months (TTM) is 50.59%
• Dubai Islamic Bank's dividend growth over the last five years (2018-2023) was -5.62% year
• Dubai Islamic Bank's dividend growth over the last ten years (2013-2023) was 9.42% year
Dubai Islamic Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-03-07 | د.إ0.45 | annually | |
2023-03-24 | د.إ0.30 | annually | 2023-04-01 |
2022-03-10 | د.إ0.25 | annually | 2022-03-22 |
2021-03-25 | د.إ0.20 | annually | 2021-04-01 |
2020-03-24 | د.إ0.35 | annually | 2020-04-01 |
2019-03-14 | د.إ0.35 | annually | 2019-04-02 |
2018-03-01 | د.إ0.40 | annually | 2018-03-01 |
2017-03-02 | د.إ0.40 | annually | 2017-03-15 |
2016-03-10 | د.إ0.37 | annually | |
2015-03-10 | د.إ0.33 | annually | |
2014-03-11 | د.إ0.20 | annually | |
2013-03-13 | د.إ0.12 | annually |
Dubai Islamic Bank Dividend per year
Dubai Islamic Bank Dividend growth
Dubai Islamic Bank Dividend Yield
Dubai Islamic Bank current trailing twelve-month (TTM) dividend yield is 7.2%. Interested in purchasing Dubai Islamic Bank stock? Use our calculator to estimate your expected dividend yield:
Dubai Islamic Bank Financial Ratios
Dubai Islamic Bank Dividend FAQ
Other factors to consider when evaluating Dubai Islamic Bank as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Dubai Islamic Bank's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Dubai Islamic Bank publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Dubai Islamic Bank distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Dubai Islamic Bank are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Dubai Islamic Bank sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Dubai Islamic Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Dubai Islamic Bank declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Dubai Islamic Bank's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Dubai Islamic Bank's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.