The UAE News report: Despite slower business activities in the wake of Covid-19 pandemic across the world, a significant number of companies listed on the UAE capital markets have proposed around Dh29 billion cash dividends for 2020 to-date, according to the companies’ data.

Banks are the largest distributors of profits, with eight Emirati banks reported to disburse up to Dh15.13 billion to their stockholders, with 10 banks yet to disclose their recommendations on dividend distributions.

The telecommunications sector comes second with Dh7.63 billion in dividends, excluding the profits proposed by Etisalat board following their declaration that trading in its shares had been stopped.Other sectors that announced dividend payouts include, transport, real estate, investment, financing, energy, medical services, insurance, transport and construction.