TAQA H1 2021 Results - Energy Transition and Financial Performance
Delivering on our quarterly dividend policy
Shareholder-approved dividend policy of rising minimum pay-outs for 2020-2022
US$ 765mn (AED 2.50 fils/share) paid for FY 2020 and US$ 337mn (AED 1.10 fils/share) paid year-to-date
.
Quarterly payment frequency going forward, a first in the UAE and unique
among EMEA integrated utilities.
2021-22 dividends expected as follows:
• 20% interim dividends post Q1, Q2 and Q3 results
40% final dividend post AGA the following year
Rating considerations (and our commitment for investment grade standalone ratings)
are an explicit consideration within dividend policy wording.
Shares listed on ADX with free float largely held by retail investors¹
TAQA dividend policy
Dividends (US$ million)
765 (paid)
842
918
DPS (AED fils/share)
+10% p.a.
3.00
2.75
2.50
1.20
1.10
112.4bn shares outstanding, 110.9bn (98.60%) strategically held by ADQ / ADPower
1.40% free float (held by 95,000+ shareholders¹)
1.00
0.60
0.55
1.50
0.55
0.60
99.96% of shares are held locally, 0.04% by foreigner investors (FOL at 49%)
0.55
0.60
2020
21
2022
1. Proposed total dividend payouts of indicated financial years;
Stacked bar chart showing interim dividends paid or expected to be paid
36
1. Largely through legacy privatization upon first market listing in 2005
TAQAView entire presentation