Dividends are an essential part of shareholder returns, offering a share of a company’s profits back to its investors.
In Singapore, major companies like DBS, Singapore Airlines (SIA), OCBC, UOB, and SGX regularly distribute dividends to their shareholders. This article outlines the expected dividend payout dates for 2024, along with relevant details for each company.
What is a Dividend Payout?
A dividend payout is a portion of a company’s earnings distributed to its shareholders. These payments are typically made quarterly or annually and serve as a reward for the shareholders’ investment in the company.
In Singapore, dividends are generally not taxable, allowing shareholders to utilize the full amount received. However, dividends from foreign investments may be subject to taxes.
DBS Dividend Payout Date and Time 2024
DBS, one of Singapore’s largest banks, has shown a strong financial performance, which has led to increased dividends for shareholders. The bank has consistently increased its dividend payouts, reflecting its robust equity and capital ratios.
Key Dates for DBS Dividend 2024:
| Description | Announced Date | Ex-Dividend Date | Payment Date | Amount |
|---|---|---|---|---|
| 4Q Final Dividend | 7 Feb 2024 | 5 April 2024 | 19 April 2024 | S$0.54 one-tier |
| 3Q Dividend | 6 Nov 2024 | 14 Nov 2024 | 27 Nov 2024 | S$0.48 one-tier |
| 2Q Dividend | 3 Aug 2024 | 11 Aug 2024 | 27 Aug 2024 | S$0.48 one-tier |
| 1Q Dividend | 2 May 2024 | 9 May 2024 | 22 May 2024 | S$0.42 one-tier |
DBS has a strong capital position, and the dividends reflect a consistent return on equity, making it a reliable source of income for shareholders.
SIA Dividend Payout Date and Time 2024
Singapore Airlines (SIA) has also increased its dividend payouts as the airline industry recovers from recent challenges. SIA’s dividends provide a solid return to its investors, with the latest announcements reflecting an increase in profitability.
Key Dates for SIA Dividend 2024:
- Last Payment Date: 12 December 2023
- Next Payment Date: Expected 8 January 2024
- Dividend Yield: 5.84% with an increase to S$0.50% for the final quarter
SIA’s steady dividend payments are a positive sign for investors looking for reliable returns in the airline sector.
OCBC Dividend Payout Date and Time 2024
OCBC, another major player in Singapore’s financial sector, has consistently delivered strong dividends. The bank’s diverse financial services and global presence have contributed to its stable dividend payouts.
Key Details for OCBC Dividend 2024:
- Current Dividend Rate: 6.18%
- Total Assets: S$151 billion
- Dividend History: Consistent payouts with significant contributions from various financial services.
OCBC’s dividend payouts are a reflection of its solid financial foundation and strategic growth in the global market.
UOB Dividend Payout Date and Time 2024
UOB has a history of increasing its dividends every three years, offering attractive returns to its shareholders. The bank’s strong performance and strategic investments have enabled it to maintain a healthy dividend payout ratio.
Key Details for UOB Dividend 2024:
- Dividend Amount for February 2024: S$1.19
- Current Dividend Yield: 5.69%
- Dividend Growth: 9.61% annual increase over the last decade
UOB’s consistent dividend growth makes it a favorable option for long-term investors seeking steady income.
SGX Dividend Payout Date and Time 2024
Singapore Exchange (SGX) provides a moderate but reliable dividend yield, making it an attractive option for investors looking for consistent returns from the financial market infrastructure sector.
Key Details for SGX Dividend 2024:
- Dividend Yield: 3.71%
- Earnings Per Share (EPS): S$0.53
- Payout Ratio: 63%
SGX’s dividends reflect the company’s stable earnings and strong market position, offering a dependable income stream for investors.
Dividends play a crucial role in providing returns to shareholders, and the payout dates for 2024 across major Singaporean companies like DBS, SIA, OCBC, UOB, and SGX are eagerly anticipated.
These companies have demonstrated consistent performance, making them reliable sources of income for investors.
FAQs
When will DBS pay dividends in 2024?
DBS will pay its 4Q final dividend on 19 April 2024.
What is the SIA dividend payout rate for 2024?
SIA has a dividend yield of 5.84% with a payout increase to S$0.50% in the final quarter.
How much is OCBC’s current dividend rate?
OCBC’s current dividend rate is 6.18%.
When will UOB pay its February 2024 dividend?
UOB will pay a dividend amount of S$1.19 in February 2024.
What is SGX’s dividend yield for 2024?
SGX has a dividend yield of 3.71% for 2024.
