On 12 November 2014, the Directors approved an interim dividend of 6.8 cents (H1 FY2014: 6.8 cents) per share totalling approximately S$1.08 billion in respect of the current financial year ending 31 March 2015. This represents a 58% payout of the current half year earnings.
For the financial year ended 31 March 2014, SingTel paid total ordinary dividends of 16.8 cents per share, comprising an interim dividend of 6.8 cents per share paid in January 2014 and a final dividend of 10.0 cents per share paid in August 2014, totalling approximately S$2.68 billion. This represented a payout ratio of 74% of underlying net profit.
Dividend Policy
SingTel's dividend payout ratio is between 60% to 75% of underlying net profit. The Group remains committed to an optimal capital structure and investment grade credit ratings, while maintaining financial flexibility to pursue growth.
History of dividends and other distributions to shareholders
Singapore cents per share
Financial year ended 31 March
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Interim ordinary dividend
-
-
-
4.5
5.6
5.6
6.2
6.8
6.8
6.8
6.8
6.8
Final ordinary dividend
6.4
8.0
10.0
6.5
6.9
6.9
8.0
9.0
9.0
10.0
10.0
TBC
Special dividend
-
5.0
-
9.5
-
-
-
10.0
-
n/a
n/a
Other distributions**
16.9
-
13.7
-
-
-
-
-
-
n/a
n/a
Total
23.3
13.0
23.7
20.5
12.5
12.5
14.2
25.8
15.8
16.8
16.8
TBC
* 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.