For the financial year ended 31 March 2015, the Board has recommended a final ordinary dividend of 10.7 cents (FY2014: 10.0 cents) per share, totalling approximately S$1.71 billion. The proposed final ordinary dividend shall be tabled for approval at the Annual General Meeting on 21 July 2015.
Together with the interim dividend of 6.8 cents (FY2014: 6.8 cents) per share amounting to S$1.08 billion paid in January 2015, the total ordinary dividends for the year is 17.5 cents (FY2014: 16.8 cents) per share, an increase of 4% from the previous year. This represents a total payout of S$2.79 billion or 74% of the Group's underlying net profit.
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.
Singapore cents per share
|Financial year ended 31 March||2004||2005||2006||2007||2008||2009||2010||2011||2012||2013||2014||2015|
|Interim ordinary dividend||-||-||-||4.5||5.6||5.6||6.2||6.8||6.8||6.8||6.8||6.8|
|Final ordinary dividend||6.4||8.0||10.0||6.5||6.9||6.9||8.0||9.0||9.0||10.0||10.0||10.7|
|Other distributions**||16.9||-||13.7||-|| -
* 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.