Dividends

Dividends and other shareholder distributions

The Directors have proposed a final ordinary dividend of 10.0 cents per share (FY2013: 10.0 cents per share), totalling approximately S$1.59 billion in respect of the financial year 31 March 2014. The proposed final ordinary dividend shall be tabled for approval at the Annual General Meeting in late July 2014.

Together with the interim dividend of 6.8 cents per share amounting to S$1.08 billion paid in January 2014, the total amount of ordinary dividends in respect of the financial year 31 March 2014 would be 16.8 cents per share (FY2013: 16.8 cents per share), totalling approximately S$2.68 billion.

This represented a payout ratio of 74% of underlying net profit.

 


Dividend Policy

SingTel has revised its policy to increase the dividend payout ratio to between 60% to 75% of underlying net profit, from the previous payout ratio fo 55% to 70%. The Group remains committed to an optimal capital structure and investment grade credit ratings, while maintaining financial flexibility to pursue growth.  

 


History of dividends and other distributions to shareholders

Singapore cents per share

Financial year ended 31 March 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Interim ordinary dividend  -  -  -  -  -  4.5  5.6  5.6  6.2  6.8  6.8  6.8
Final ordinary dividend  5.5  5.5  6.4  8.0  10.0  6.5  6.9  6.9  8.0  9.0  9.0  10.0
Special dividend  -  -  -  5.0  -  9.5  -  -  -  10.0  -  n/a
Other distributions**  -  -  16.9  -  13.7  -  -
 -  -  -  -  n/a
Total  5.5  5.5  23.3  13.0  23.7  20.5  12.5  12.5  14.2  25.8  15.8  16.8
                         

* The figures shown above are gross amounts, shown in Singapore cents per share, before deduction of applicable Singapore corporate tax. All dividends paid after the FY2007 interim ordinary dividends are one-tier exempt dividends without tax credits.
** SingTel undertook capital reduction exercises in 2004 and 2006.

To learn more about SingTel's past capital management initiatives - see  Capital Reduction 2006 and  Capital Reduction 2004.