Singapore Stock Alert: [Company Name] Declares Final Dividend of 1.25 Cents per Share for FY2024

Key Points:
[Company Name] has announced a final dividend of 1.25 Singapore cents per ordinary share for the financial year ended 31 December 2024.
The company’s transfer books and register of members will be closed from 5:00 p.m. on 13 May 2025 to 14 May 2025 (inclusive) to determine shareholders’ entitlements to the dividend.
The proposed dividend will be paid on 28 May 2025, subject to approval by shareholders at the Annual General Meeting.
Important Dates for Shareholders:
Record Date: 14 May 2025 (the date by which shareholders must be registered to receive the dividend)
Dividend Payment Date: 28 May 2025
What Shareholders Need to Know:
The closure of the transfer books and register of members from 13 May 2025 to 14 May 2025 is a crucial step in determining which shareholders are entitled to receive the proposed final dividend. Shareholders who wish to receive the dividend must ensure that they are registered as shareholders by 5:00 p.m. on 13 May 2025.
The proposed final dividend of 1.25 cents per share is a one-tier tax-exempt dividend, which means that it is fully exempt from tax in the hands of shareholders. This may be an attractive proposition for income-seeking investors.
Price-Sensitive Information:
The announcement of a dividend payment can be a positive catalyst for the share price, as it provides a tangible return on investment for shareholders. However, investors should note that the dividend payment is subject to approval by shareholders at the Annual General Meeting. If the dividend is not approved, it may negatively impact the share price.
About the Company:
While the document does not provide detailed information about the company’s financial performance, the declaration of a dividend suggests that [Company Name] has generated sufficient profits to distribute to shareholders.
Disclaimer:
This article is for informational purposes only and should not be considered as investment advice. Investors should do their own research and consult with a financial advisor before making any investment decisions. The information contained in this article is based on publicly available data and may not be up-to-date or accurate.

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