Dividends
Dividends and other shareholder distributions
For the financial year ended 31 March 2019, Singtel paid a total ordinary dividend of 17.5 cents per share, comprising an interim dividend of 6.8 cents (paid on 10 January 2019) and a final dividend of 10.7 cents (paid on 15 August 2019). Total dividends paid amounted to approximately S$2.86 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.
Barring unforeseen circumstances, it expects to maintain its ordinary dividends at 17.5 cents per share for the financial year ending 31 March 2020.
History of dividends and other distributions to shareholders
Singapore cents per share
| Financial year ended 31 March | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interim ordinary dividend | 5.6 | 5.6 | 6.2 | 6.8 | 6.8 | 6.8 | 6.8 | 6.8 | 6.8 | 6.8 | 6.8 | 6.8 |
| Final ordinary dividend | 6.9 | 6.9 | 8.0 | 9.0 | 9.0 | 10.0 | 10.0 | 10.7 | 10.7 | 10.7 | 10.7 | 10.7 |
| Special dividend | - | - | - | 10.0 | - | - | - | - | - | - | 3.0 | - |
| Other distributions** | - | - | - | - |
- | - | - | - | - | - | - | - |
| Total | 12.5 | 12.5 | 14.2 | 25.8 | 15.8 | 16.8 | 16.8 | 17.5 | 17.5 | 17.5 | 20.5 | 17.5 |
* 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.