Distributed dividends of companies on the Palestine Exchange (PEX) exceeded $152m in 2010, representing a return on investment of 13.6 per cent.

State-owned mobile operator Palestine Telecommunications (Paltel) had the highest dividend distribution of $75m, followed by both Palestine Development & Investment Company (Padico) and Bank of Palestine (Bop) with a distribution of $20m each.

“This corresponds to the outstanding performance of many PEX listed companies, 35 of the 46 companies were profitable in 2010,” says Ahmad Aweidah, chief executive officer of PEX.