TAQA FY 2020 Proforma Consolidated Results and Dividend Policy
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Delivering on our new dividend policy
Board recommends AED 2.8bn (2.50 fils/share) for FY 2020 and close to 100% payout
Board has proposed a total dividend for the year 2020 of AED 2.8bn (2.50 fils/share) in line with TAQA's recently instated dividend policy
Final divided of AED 1.1bn (1.00 fils/share) in addition to interim dividend of AED 1.7bn (1.50 fils/share) paid earlier in December
• Implied payout ratio of close to 100% of TAQA-share of net income for FY 2020
Quarterly payment frequency going forward, a first in the UAE and unique
among EMEA integrated utilities.
2021-22 dividends expected as follows:
. 20% interim dividend post Q1 results
20% interim dividend post Q2 results
20% interim dividend post Q3 results
40% final dividend post AGA
. We remain committed to maintaining solid investment grade ratings
on a standalone basis, as previously communicated
TAQA dividend policy
Dividends (AED billion)
3.1
3.4
2.8
DPS (fils/share)
+10% p.a.
3.00
2.75
2.50
2020
21
1. Proposed dividend payouts of indicated financial years
2022
31
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