Dividends play a key role in how shareholders earn money, giving them a portion of a company’s profits.
In Singapore, well-known companies like DBS, Singapore Airlines (SIA), OCBC, UOB, and SGX regularly share dividends with their investors. This article provides the expected Dividend Payout Dates 2024, along with important information about each company.
What is a Dividend Payout?
A dividend payout is when a company shares part of its profits with its shareholders. These payments usually happen every few months or once a year and are a way of thanking shareholders for investing in the company.
In Singapore, dividends are generally not taxed, so shareholders get to keep the full amount. However, if the dividends come from overseas investments, they might be taxed.
DBS Dividend Payout Dates and Time 2024
DBS, one of Singapore’s biggest banks, has been doing really well financially, and as a result, it’s been giving more dividends to its shareholders. The bank has been steadily increasing these payouts, showing its strong financial health and stability.
Key Dates for DBS Dividend 2024:
| Description | Announced Date | Ex-Dividend Date | Payment Date | Amount |
|---|---|---|---|---|
| 4Q Final Dividend | 7 Feb 2024 | 5 April 2024 | 19 April 2024 | S$0.54 one-tier |
| 3Q Dividend | 6 Nov 2024 | 14 Nov 2024 | 27 Nov 2024 | S$0.48 one-tier |
| 2Q Dividend | 3 Aug 2024 | 11 Aug 2024 | 27 Aug 2024 | S$0.48 one-tier |
| 1Q Dividend | 2 May 2024 | 9 May 2024 | 22 May 2024 | S$0.42 one-tier |
DBS is in a solid financial position, and its dividends show a steady return on investment. This makes it a dependable source of income for its shareholders.
SIA Dividend Payout Dates and Time 2024
Singapore Airlines (SIA) has recently boosted its dividend payouts as the airline industry bounces back from recent challenges. These dividends offer a good return for investors, with the latest announcements showing that the airline is becoming more profitable.
Key Dates for SIA Dividend 2024:
- Last Payment Date: 12 December 2023
- Next Payment Date: Expected on 8 January 2024
- Dividend Yield: 5.84%, with a final quarter increase to S$0.50
Singapore Airlines’ consistent dividend payouts are great news for investors seeking steady returns in the airline industry.
OCBC Dividend Payout Dates and Time 2024
OCBC, a leading bank in Singapore, has a strong track record of paying out solid dividends. Thanks to its wide range of financial services and international reach, the bank has been able to keep its dividend payments steady over time.
Important Info About OCBC Dividends for 2024:
- Current Dividend Rate: 6.18%
- Total Assets: S$151 billion
- Dividend History: OCBC has a strong track record of regular payouts, supported by its diverse financial services.
OCBC’s dividend payments highlight its strong financial health and strategic growth on a global scale.
UOB Dividend Payout Dates and Time 2024
UOB has a track record of raising its dividends every three years, providing appealing returns to its shareholders. Thanks to the bank’s solid performance and smart investments, it has been able to keep a steady dividend payout.
Important Information on UOB’s 2024 Dividend:
- Dividend Payment in February 2024: S$1.19 per share
- Current Dividend Yield: 5.69%
- Dividend Growth: Up by 9.61% each year over the past decade
UOB has consistently increased its dividends, making it a great choice for investors looking for reliable, long-term income.
SGX Dividend Payout Dates and Time 2024
The Singapore Exchange (SGX) offers a steady but decent dividend yield, making it a good choice for investors who want reliable returns from the financial market sector.
Key Details for SGX Dividend 2024:
- Dividend Yield: 3.71%
- Earnings Per Share (EPS): S$0.53
- Payout Ratio: 63%
SGX’s dividends show the company’s steady earnings and strong position in the market, providing a reliable income for investors.
Dividends are important for giving shareholders returns, and the payout dates for 2024 from major Singaporean companies like DBS, SIA, OCBC, UOB, and SGX are highly awaited.
These companies have shown consistent performance, making them trustworthy sources of income for investors.
FAQs
When will DBS pay dividends in 2024?
DBS will pay its final dividend for the fourth quarter on April 19, 2024.
What is SIA’s dividend payout rate for 2024?
SIA offers a dividend yield of 5.84%, with an increase to S$0.50 in the final quarter of the year.
How much is OCBC’s current dividend rate?
OCBC’s current dividend rate stands at 6.18%.
When will UOB pay its February 2024 dividend?
UOB will distribute a dividend of S$1.19 in February 2024.
What is SGX’s dividend yield for 2024?
SGX’s dividend yield for 2024 is 3.71%