Understanding Singapore’s dividend policy regulations is essential for business managers or those planning to start a business. This article provides a comprehensive overview of the Dividend Payout Dates and schedules for DBS, SIA, OCBC, UOB, and SGX.
Singapore Dividend Payout Date 2024
The dividend payout represents the portion of a company’s profits distributed to its shareholders. It acts as an incentive for investors to maintain their stake in the company, fostering trust and stability between the company’s stakeholders, employees, and investors.
Notably, most dividends in Singapore are not subject to tax, meaning shareholders can utilize the full amount. Dividends are generally taxable and non-taxable, with the latter often including foreign dividends and profits from co-operatives or real estate holdings. Payout dates vary depending on the dividend category.
DBS Dividend Payout Date and Time 2024
DBS has increased its dividend shares by 53% for the final quarter. Additionally, the company plans to offer bonus shares to long-term investors who have been with DBS for more than ten years. The company’s profits for the last fiscal year amounted to S$10.3 billion, a 26% increase compared to 2022. The fourth quarter dividend has been raised to S$0.54, up from S$0.48 in the third quarter.
DBS projects continued confidence in its shares for 2024, expecting equity returns of 15-17% and maintaining a strong capital position with a CET-1 ratio of 14.6%.
SIA Dividend Payout Date and Time 2024
Singapore Airlines Limited (SIA) recently announced an increase in dividend payouts, with a profit boost of S$0.50 per share, alongside additional bonuses for shareholders. Currently, SIA offers a dividend yield of 5.84%, with 12 months of trailing dividends. In previous years, the dividend rate stood at -22.00%, but the final quarter of 2023 saw an increase to S$0.50. This rate is expected to remain stable throughout the next 12 months.
The last dividend payment occurred on 12 December 2023, and the first payment for 2024 is expected on 8 January 2024.
OCBC Dividend Payout Date and Time 2024
Since its establishment, Overseas Chinese Banking Corporation (OCBC) has been a significant player in Singapore’s financial market. The bank has maintained a strong track record of paying dividends at a rate of 6.18%. OCBC’s extensive portfolio encompasses a wide range of assets, including trusts, global banking, and financial banking sectors, with a total valuation of around S$151 billion.
UOB Dividend Payout Date and Time 2024
United Overseas Bank (UOB) has announced a net profit of 20.90 USD and is planning to distribute a dividend of S$1.19 in February 2024. The current dividend yield stands at 5.69%, and historically, the bank has raised its dividends roughly every three years. Over the last ten years, UOB has consistently increased its dividends by an average of 9.61% annually.
SGX Dividend Payout Date and Time 2024
