Dividend Information

Dividend Policy

From the financial year commencing 1 April 2024 (FY2024/25), the Board will adopt a dividend policy of paying out between 30% and 50% of the Group’s underlying net profit. The Board believes this is a balanced policy taking into consideration the capital needs of the enterprise and sustainable returns to shareholders.

The Company will continue to declare interim and final dividends following the end of the first half and full financial year results.

Dividend History

Financial year ended 31 March

Ordinary dividend (S¢)

Special dividend (S¢)

Total dividends (S¢)

Payout ratio* (%)

FY22/23

FY21/22

FY20/21

FY19/20

FY18/19

FY17/18

FY16/17

FY15/16

FY14/15

FY13/14

FY12/13

FY11/12

FY10/11

FY9/10

FY8/9

FY7/8

FY6/7

FY5/6

FY4/5

FY3/4

0.58

0.58

40%

1.8

1.8

50%

1.10

1.10

40%

2.70

2.70

60%

3.50

3.50

79%

3.50

3.50

76%

3.50

3.50

66%

7.00

7.00

98%

6.25

0.75

7.00

85%

6.25

6.25

82%

6.25

6.25

84%

6.25

6.25

87%

6.25

6.25

80%

6.25

6.25

82%

6.25

6.25

82%

6.25

6.25

86%

6.25

6.25

86%

5.50

10.00

15.50

85%

5.00

5.00

86%

4.20

4.20

77%

* Ordinary dividend as a percentage of underlying net profit

Dividend Policy

Dividend History

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