Soilbuild Construction Group Announces Generous Dividend Payout for 2024
In a move that could potentially boost investor confidence, Soilbuild Construction Group Ltd. has announced plans for 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 an additional S\$0.01 per share, subject to shareholder approval.
Key Points for Investors:
- Total proposed dividend: S\$0.02 per share (S\$0.01 final + S\$0.01 special)
- Annual General Meeting (AGM) scheduled for 23 April 2025
- Record Date set for 7 May 2025 at 5.00 p.m.
- Payment Date: 19 May 2025
This announcement is particularly noteworthy as it includes a special dividend, which could signal strong financial performance or a significant event within the company. The total dividend of S\$0.02 per share represents a potentially attractive yield for investors, depending on the current share price.
Important Details for Shareholders:
To be eligible for the dividend, shareholders must ensure their shares are properly registered by the Record Date. Here’s what you need to know:
- For shares not in CDP: Ensure transfers are completed with the Company’s Registrar by 5.00 p.m. on 7 May 2025
- For CDP account holders: Shares must be credited to your Securities Account by 5.00 p.m. on 7 May 2025
The inclusion of a special dividend alongside the final dividend could be interpreted as a positive signal about the company’s financial health and future prospects. Investors may want to closely monitor Soilbuild Construction Group’s upcoming financial reports and the AGM for further insights into the factors driving this dividend decision.
While the announcement of dividends is generally viewed favorably, investors should also consider the company’s long-term growth strategy and how this payout aligns with future investment plans.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. The proposed dividends are subject to shareholder approval at the upcoming AGM. Investors should conduct their own research and consult with a financial advisor before making investment decisions based on this information.
View Soilbuild Constr Historical chart here
