Dividend Information

Dividend Policy

The Company targets to provide a sustainable dividend payout. With effect from FY2021, the Board proposes to consolidate its interim and final dividends into an annual core dividend of up to half its average sustainable profit after tax and minority interest (PATMI). Where appropriate, after considering the payment of core dividend, share buybacks, the financial resources needed for continued growth and the gearing level of the Group, the Board may consider paying a special dividend. This is part of a holistic capital management framework that recognises that the Group is in a growth phase, its gearing is low, and there is an intention to grow earnings on a per share basis.

Dividend History

Financial YearTypeEx-DatePayable DateDividend*
(S¢)
Share Price^ (S$)Yield
(%)
Total Yield
(%)
Earnings Per Share
(S¢)
Payout Ratio
(%)
2023Final13 May 2423 May 242.401.032.3%2.3%4.8250%
2022Final15 May 2325 May 233.801.422.7%2.7%7.6749%
2021Final11 May 2219 May 222.801.152.4%2.4%4.4962%
2020Final10 May 2120 May 212.001.141.8%2.4%3.5870%
Interim28-Sep-2007-Oct-200.500.800.6%
2019Final3-Aug-2016-Sep-202.000.922.2%2.7%3.3275%
Interim19-Aug-1930-Aug-190.501.0200.5%
2018Final13-May-1927-Jun-192.001.0401.9%2.4%3.9763%
Interim27-Aug-186-Sep-180.501.0700.5%
2017Final14-May-1829-Jun-181.751.1201.6%2.0%4.0056%
Interim21-Aug-1731-Aug-170.501.1150.4%
2016Final8-May-1729-Jun-171.501.3951.1%1.4%4.0050%
Interim22-Aug-1631-Aug-160.501.5100.3%
2015Final9-May-1628-Jun-161.501.5371.0%1.3%4.0150%
Interim17-Aug-1531-Aug-150.501.5400.3%
2014Final4-May-1518-Jun-151.331.3501.0%1.4%3.9946%
Interim18-Aug-1429-Aug-140.501.3330.4%
2013Final5-May-1426-Jun-141.331.2031.1%1.4%5.0833%
Interim12-Aug-1329-Aug-130.331.0870.3%
2012Final6-May-1327-Jun-131.171.1471.0%1.4%3.4743%
Interim13-Aug-1231-Aug-120.330.7930.4%
2011Final14-May-124-Jul-121.000.7631.3%1.8%3.1243%
Interim15-Aug-112-Sep-110.330.7430.4%
2010Final23-May-1113-Jul-110.830.7571.1%1.6%2.8441%
Interim16-Aug-103-Sep-100.330.6330.5%

*Adjusted to reflect the three-for-one share split announced on 26 February 2016.
^Reflected share price (Open) is taken one trading day prior to Ex-Date.