Soilbuild Construction Group Announces Generous Dividend Payout for FY2024
In a move that could potentially boost investor confidence, Soilbuild Construction Group Ltd. has announced a substantial dividend payout for the financial year ended 31 December 2024. The company is proposing a final tax-exempt (one-tier) dividend of S\$0.01 per share, coupled with a special dividend of S\$0.01 per share, subject to shareholders’ approval at the upcoming Annual General Meeting (AGM).
Key Points for Shareholders:
- Total proposed dividend: S\$0.02 per share (S\$0.01 final + S\$0.01 special)
- AGM Date: 23 April 2025
- Record Date: 7 May 2025 at 5.00 p.m.
- Expected Payment Date: 19 May 2025
This dividend announcement is particularly noteworthy as it includes a special dividend, which could indicate strong financial performance or a significant event within the company. The total dividend of S\$0.02 per share represents a substantial return to shareholders and may positively impact the company’s stock price.
Important Details for Investors:
Shareholders should be aware of the following key dates and actions:
- The AGM will be held on 23 April 2025, where shareholders will vote on the proposed dividends.
- The Share Transfer Books and Register of Members will close at 5.00 p.m. on 7 May 2025 to determine dividend entitlements.
- To be eligible for the dividends, investors must ensure their share transfers are completed and received by the Company’s Registrar, Tricor Barbinder Share Registration Services, by 5.00 p.m. on 7 May 2025.
- Shareholders with Securities Accounts credited with Soilbuild Construction Group shares at 5.00 p.m. on the Record Date will be entitled to the dividends.
This dividend announcement could be seen as a positive signal about the company’s financial health and its commitment to shareholder returns. The inclusion of a special dividend, in particular, may indicate excess cash or a particularly strong performance in FY2024. Investors may want to closely monitor the company’s upcoming financial results and the AGM for further insights into the rationale behind this generous dividend payout.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions. Share prices can fluctuate, and past performance is not indicative of future results.
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