Dividends
Dividends and other shareholder distributions
Singtel announced an interim dividend of 5.1 cents per share (to be paid on 15 January 2021) for the half year ended 30 September 2020, totalling S$833 million or approximately 100% of the Group’s underlying net profit for the first half year. The Board also approved the adoption of the Singtel Scrip Dividend Scheme and the application of the Scheme to the interim dividend.
For the financial year ended 31 March 2020, Singtel paid total dividends of 12.25 cents per share, amounting to approximately S$2.0 billion.
Dividend Policy
Singtel is committed to its investment grade credit ratings and will review its dividend policy at the end of the financial year when there is more clarity on the impact of the COVID-19 pandemic on the Group’s businesses. It is expected that total dividends for the financial year ending 31 March 2021 will not exceed the Group’s underlying net profit.
History of dividends and other distributions to shareholders
Singapore cents per share
| Financial year ended 31 March | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interim ordinary dividend | 6.2 | 6.8 | 6.8 | 6.8 | 6.8 | 6.8 | 6.8 | 6.8 | 6.8 | 6.8 | 6.8 | 5.1 |
| Final ordinary dividend | 8.0 | 9.0 | 9.0 | 10.0 | 10.0 | 10.7 | 10.7 | 10.7 | 10.7 | 10.7 | 5.45 | - |
| Special dividend | - | 10.0 | - | - | - | - | - | - | 3.0 | - | - | - |
| Other distributions** | - | - | - | - |
- | - | - | - | - | - | - | - |
| Total | 14.2 | 25.8 | 15.8 | 16.8 | 16.8 | 17.5 | 17.5 | 17.5 | 20.5 | 17.5 | 12.25 | 5.1 |
* 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.
To learn more about Singtel's past capital management initiatives - see Capital Reduction 2006 and Capital Reduction 2004.
Find out more about Singtel's Scrip Dividend Scheme here.