Will other listed companies follow the TAQA way to introduce quarterly dividends?
“Currently, none of the other listed UAE companies offer quarterly dividends, with ADNOC Distribution and du paying dividends semi-annually,” said Vijay Valecha, Chief Investment Officer at Century Financial. “On Saudi Tadawul, 14 companies are paying quarterly.
“TAQA s move reflects its increased scale and improved financial profile, resulting from its landmark transaction in July with Abu Dhabi Power Corporation. Paying regular dividends sends a clear, powerful message about a company s prospects and performance. And its willingness and ability to pay steady dividends over time provides a demonstration of financial strength and share-holder friendly management.
Some investors try to turn these cycles to their advantage by systematically selling their winners and buying their losers. In other words, selling high and buying low. It sounds like a recipe for success but like everything in investing, tricky to get right in practice.
Right now, that would mean selling expensive US stocks, particularly in the technology sector, and piling into underperforming regions such as the UK and Europe.
High valuations in key markets mean that we are in a new “cycle” and investors need to reposition themselves, says Joe McDonnell, Neuberger Berman’s head of portfolio solutions EMEA. “We support continued cyclical rebalancing, and this should be relatively positive for the UK, Europe and Japan, versus the US.”
UAE: You can buy Bitcoin for even Dh500
Waheed Abbas/Dubai
Photo: AFP
It s possible to make fractional investment in cryptocurrency.
Bitcoin, the mother of all cryptocurrencies, price has hit an all-time high of $57,026, gaining over 18 per cent last week and more than 92 year year-to-date.
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Its market capitalisation also crossed $1 trillion mark for the first-time ever following increased acceptance by billionaire investors gave it more credibility, the main factor behind its recently rally.
With each Bitcoin priced at $57,100-plus (Dh209,557) on Saturday evening, one wonders whether small retail investors can also invest in the digital currency because it is still rather a new investment avenue for majority of the people around the world.
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The National. I bought a few puts worth $16 last week on Interactive Brokers. That would protect me if the stock fell below $90. On Monday, the stock tumbled, so the protection made me money.”
GameStop, which has been the poster child for Redditors looking to squeeze short sellers, fell 60 per cent on Tuesday and eased another 5 per cent in after-hours trading, with shares closing below $100 for the first time in a week. Several other Reddit favourites, including movie theatre chain AMC Entertainment Holdings, also tumbled. GameStop shares erased more than $27 billion in market value after peaking at $483 a share last week.