Tunis Stock Exchange Companies Distribute 13.4% More Dividends in 2024
Source: Tunis Stock Exchange – Dividend Distribution Report 2022‑2024 (published 19 Feb 2026)
Key figures
| Indicator | 2022 | 2023 | 2024 |
|---|---|---|---|
| Total dividends paid | – | – | 1 580 billion TND (↑ 13.4 % YoY) |
| Number of dividend‑paying firms | 48‑49 (stable) | – | 48‑49 (down 8 firms due to delistings) |
| Share of dividend‑paying firms | 60 % | – | 66 % |
| Payout ratio (average) | 53.9 % | – | 57.5 % (average over period = 56.1 %) |
| Average payment delay | 38.2 days (2023) | – | 32.7 days |
Sector‑by‑sector performance
-
Financial companies
- Contribute > 61 % of total dividends, confirming their role as the market’s dividend “locomotive”.
- Offer the shortest and most stable payment delays – average 26 days over the whole period.
-
Consumer goods
- Growth of 19.2 % in 2024, raising its share from 23 % (2022) to 25 % (2024).
- The sector’s leading player, SFBT, accounts for 53 % of the sector and 14 % of the whole market.
-
Basic materials
- Payment delays normalized to 42 days in 2024, down from 75 days in 2023, helping to narrow the gap between sectors.
Overall, the dividend payout policy remains moderate (average payout ≈ 56 %), balancing shareholder expectations with the firms’ financial stability.
Faster dividend settlements
- The average time from the Annual General Meeting (AGM) to dividend payment fell to 32.7 days in 2024, compared with 38.2 days in 2023.
- The convergence of sectoral payment timelines reflects improved operational efficiency across the market.
Further reading
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The data above illustrate a robust dividend environment on the Tunis Stock Exchange, driven primarily by financial and consumer‑goods companies, with faster payouts and a higher proportion of listed firms distributing earnings.
