Singapura Finance Announces Substantial Dividends for FY2024
Key Highlights:
Singapura Finance Ltd. has declared a final dividend of 2.0 cents per share and a special dividend of 1.0 cent per share for the financial year ended 31 December 2024 1.
The dividends are one-tier tax-exempt, meaning shareholders will not be taxed on the dividends received 1.
The record date for determining shareholders’ entitlement to the dividends is 5 May 2025, and the payment date is 9 May 2025 1.
Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with shares as of 5 PM on 2 May 2025 will be entitled to the dividends 1.
Potential Impact on Share Price:
The declaration of substantial dividends, including a special dividend, is likely to be seen as a positive sign by investors and could potentially lead to an increase in Singapura Finance’s share price.
Shareholders will receive a total of 3.0 cents per share, which represents a significant payout and could be viewed as a sign of the company’s strong financial performance and confidence in its future prospects.
Conclusion: Singapura Finance’s announcement of a final dividend of 2.0 cents per share and a special dividend of 1.0 cent per share for the financial year ended 31 December 2024 is a significant development for the company and its shareholders. The dividends, which are one-tier tax-exempt, are expected to be well-received by investors and could potentially have a positive impact on the company’s share price.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
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