TASE companies paid NIS 20b. in dividends in '06

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.

By MATTHEW KRIEGER
May 16, 2007 07:26
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

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.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS