Singapore Post to enhance dividend policy

Singapore Post Limited has announced that the company will enhance its dividend policy from financial year ending March 31, 2016, aiming to make a total annual dividend payout of 7 cents per share to be paid on a quarterly basis. -- PHOTO: ST FILE
Singapore Post Limited has announced that the company will enhance its dividend policy from financial year ending March 31, 2016, aiming to make a total annual dividend payout of 7 cents per share to be paid on a quarterly basis. -- PHOTO: ST FILE

SINGAPORE - Singapore Post Limited has announced that the company will enhance its dividend policy from financial year ending March 31, 2016, aiming to make a total annual dividend payout of 7 cents per share to be paid on a quarterly basis.

Its Board has recommended a special dividend of 0.75 cents per share in respect of the financial year ended March 31, 2015, to raise the proposed total annual dividend from 6.25 cents per share to 7 cents per share.

The proposed special dividend, together with the proposed final dividend of 2.5 cents per share announced on May 12, 2015, will be paid after necessary approvals at the Annual General Meeting.