Dividends

Dividends and other shareholder distributions

The Directors have proposed a final one-tier tax exempt ordinary dividend of 10.0 cents,  totalling approximately S$1.65 billion in respect of the current financial year ended 31 March 2025. The dividend consists of:

• A core dividend of 6.7 cents per share; and
• A value realisation dividend of 3.3 cents per share.

The final dividend of 10.0 cents per share, if approved by shareholders of the Company, will be paid on 19 August 2025.

Including the interim core dividend of 5.6 cents per share, the total core dividend of 12.3 cents per share represents a payout ratio of 82% of underlying net profit. Together with the interim value realisation dividend of 1.4 cents, the aggregate ordinary dividends for the current financial year ended 31 March 2025 would increase by 13% to 17.0 cents per share (FY2024: 15.0 cents per share), totalling approximately S$2.81 billion.

Dividend Policy 

Singtel is focused on a disciplined capital management approach of balancing investing for growth and delivering strong, sustainable total returns to shareholders while maintaining financial flexibility and investment-grade credit ratings. This is achieved through improving business performance and commitment to an asset recycling programme.

Barring unforeseen circumstances, Singtel plans to pay ordinary dividends comprising:

• A core dividend at between 70% and 90% of underlying net profit, which will track business performance.
• A value realisation dividend of 3 - 6 cents per share per annum over the medium term, funded by excess capital generated from asset recycling proceeds after investing in growth initiatives.

This policy will be reviewed periodically in line with the Group’s evolving business strategy and market conditions.

History of dividends

Singapore cents per share

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.

* The FY24 value realisation dividend will be paid in two tranches of 1.9 cents per share, together with the core dividends in August 2024 and December 2024.

** The FY25 interim value realisation dividend of 1.4 cents per share has been paid in December 2024. The FY25 final value realisation dividend of 3.3 cents per share, if approved by shareholders of the Company,  will be paid on 19 August 2025.

In addition to regular dividend payments, Singtel also undertook capital reductions in 2004 and 2006 to optimise its capital structure. To learn more about these capital management initiatives - see Capital Reduction 2006 and Capital Reduction 2004.

Find out more about Singtel's Scrip Dividend Scheme here.