SingPost has enhanced its dividend policy from the financial year ending 31 March 2016.
Barring unforeseen circumstances, the Company aims to make a total annual dividend payout of 7 cents per share, which is proposed to be paid on a quarterly basis in the proportions laid out as below:-
Proposed Dividend Per Share (Tax Exempt One Tier)
|Q1 Interim||1.50 cents|
|Q2 Interim||1.50 cents|
|Q3 Interim||1.50 cents|
|Q4 Final||2.50 cents|
The Company regularly reviews its capital structure, taking into consideration factors such as the Company's financial performance and condition, capital expenditure and investment requirements, funding sources and borrowing costs, and credit rating. The Board believes that the positive prospects and healthy operating cash flows of the Company will enable the Company to maintain its enhanced dividend policy, enhancing shareholder returns while retaining financial flexibility.
In relation to financial year ended 31 March 2016, the Board of Directors has proposed a final dividend of 2.5 cents per ordinary share (tax exempt one-tier).
The final dividend, if approved by shareholders of the Company at the Annual General Meeting ("AGM"), will be paid on 3 August 2016.
The transfer book and register of members of the Company will be closed on 22 July 2016 for the preparation of dividend warrants. Duly completed registrable transfers of the ordinary shares in the capital of the Company received by the Company's registrar up to 5.00 pm on 21 July 2016 will be registered to determine members' entitlements to the dividend.
Dividends (cents per share)