Dividend payouts of companies listed on the Tel Aviv Stock Exchange rose NIS 5 billion to approximately NIS 20b., for an average yield of 3.6 percent, significantly higher than the dividend yields of other stock exchanges around the world, such as Tokyo (1.1%), London (3.1%) and Paris (3.2%).
According to research conducted by TASE, Bank Leumi paid NIS 2.5b. worth of dividends to its shareholders in 2006, the highest such amount among Israeli companies, after it completed the sale of its provident and trust funds, followed by I.D.B. Development Corporation Ltd., a holding company with interests in various sectors including communications, technology, industry, insurance, capital markets, real estate, retail, commerce and tourism, which paid out NIS 1.9b. in five installments in 2006, pushing last year's dividend yield to 25% on its shares.
According to the stock exchange, more than 30 traded companies paid more than NIS 100 million in dividends last year, while the dividend payments of the companies traded on the TA-25 comprised 72% (NIS 14.3b.) of the total dividends paid by Israel's publicly traded companies, rising from 60% in 2005.
The 37 dividend-paying holding companies paid an average of 7.0% per share in 2006, while traded shares of Israel's banks paid an average dividend of 5.6% per share.
Some 222 companies on the TASE paid dividends in 2006.