Dividends and other shareholder distributions
Singtel has declared an interim ordinary dividend of 6.8 cents (H1 FY2017: 6.8 cents) per share, totalling approximately S$1.10 billion, payable on 10 January 2018. This represents a payout ratio of 60% of underlying net profit for the half year ended 30 September 2017.
A special dividend of 3.0 cents (H1 FY2017: Nil) per share was also approved, totalling approximately S$500 million out of the S$2.3 billion of proceeds from the divestment of NetLink Trust. The balance of the proceeds will be used for payment of spectrum acquisitions and growth investments.
For the financial year ended 31 March 2017, Singtel paid ordinary dividends of 17.5 cents per share (FY2016: 17.5 cents per share), totaling approximately S$2.86 billion. This represented a payout ratio of 73% of 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.
History of dividends and other distributions to shareholders
Singapore cents per share
|Financial year ended 31 March||2007||2008||2009||2010||2011||2012||2013||2014||2015||2016||2017||2018|
|Interim ordinary dividend||4.5||5.6||5.6||6.2||6.8||6.8||6.8||6.8||6.8||6.8||6.8||6.8|
|Final ordinary dividend||6.5||6.9||6.9||8.0||9.0||9.0||10.0||10.0||10.7||10.7||10.7||-|
|Other distributions**||-||-||-|| -
* 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.