Dividends

Dividends and other shareholder distributions

The Directors have proposed a final ordinary dividend of 10.7 cents per share (FY2015: 10.7 cents per share), totalling approximately S$1.71 billion in respect of the current financial year ended 31 March 2016. 

Together with the interim dividend of 6.8 cents per share amounting to S$1.08 billion paid in th quarter, the total amout of ordinary dividends in respect of the financial year ended 31 March 2016 would be 17.5 cents per share (FY2015: 17.5 cents per share), totalling approximately S$2.79 billion. This represented a payout ratio of 73% of underlying net profit.

 


Dividend Policy

Singtel's dividend payout ratio is between 60% to 75% of underlying net profit. 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 2005 2006 2007 2008 2009 2010 2011 2012 2013 201420152016
Interim ordinary dividend  -  -  4.5  5.6  5.6  6.2  6.8  6.8  6.8  6.8  6.8  6.8
Final ordinary dividend  8.0  10.0  6.5  6.9  6.9  8.0  9.0  9.0  10.0  10.0  10.7  10.7***
Special dividend  5.0  -  9.5  -  -  -  10.0  -  -  n/a  n/a  n/a
Other distributions**  -  13.7  -  -  -
 -  -  -  -  n/a  n/a  n/a
Total  13.0  23.7  20.5  12.5  12.5  14.2  25.8  15.8  16.8  16.8  17.5  17.5***
                         

* 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.

*** Subject to shareholders' approval at the FY2016 Annual General Meeting.

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