Dividends

Dividends and other shareholder distributions

Singtel paid an interim dividend of 6.8 cents per share (paid on 10 January 2020) for the financial year ending 31 March 2020. The board has also proposed a final dividend of 5.45 cents per share bringing the total dividend per share to 12.25 cents for the financial year ended 31 March 2020, amounting to approximately S$2.0 billion.

Dividend Policy

Singtel is committed to delivering dividends that increase over time with growth in underlying earnings, while maintaining an optimal capital structure and investment grade credit ratings.

The Group has not guided on its new dividend policy for the financial year ending 31 March 2021. The COVID-19 pandemic has cast uncertainties over economic activities and the Group's businesses. We will update the market at the appropriate time; once there is improved clarity in the operating environment and the Group's prospects.

History of dividends and other distributions to shareholders

Singapore cents per share

Financial year ended 31 March	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Interim ordinary dividend	5.6	6.2	6.8	6.8	6.8	6.8	6.8	6.8	6.8	6.8	6.8	6.8
Final ordinary dividend	6.9	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	12.5	14.2	25.8	15.8	16.8	16.8	17.5	17.5	17.5	20.5	17.5	12.25

* 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.