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Share Information

Dividend policy

Sembcorp is committed to achieving sustainable income and growth to enhance total shareholder return.

The Group's policy aims to balance cash return to shareholders with investment for sustaining growth and driving its strategic transformation, while ensuring an efficient capital structure. The company strives to provide consistent and sustainable ordinary dividend payments to its shareholders, and the practice is to consider declaring dividends on a biannual basis. In the event of a material variation in declared dividends compared to the previous corresponding period, or any decision not to declare a dividend, the reasons for such will be disclosed in accordance with SGX-ST Listing Rule 704(24).

Dividend history

The Company strives to pay dividends within 30 days from the date of approval by the Board or by Shareholders at the Annual General Meeting.

For the Financial Year 2022:

  • Sembcorp Industries paid an interim dividend of 4 cents per share on August 23, 2022 (19 days from the date of approval by the Board)
  • On February 21, 2023, a final dividend of 4.0 cents and a special dividend of 4.0 cents per ordinary share were proposed. If approved by Shareholders at the Annual General Meeting, the final and special dividend was paid on May 8, 2023 (18 days from the date of approval)
  • Together, this will bring total FY2022 dividend to 12.0 cents per ordinary share

For the First Half of 2023 (1H2023), an interim dividend of 5.0 cents per ordinary share was declared, payable on August 22, 2023 (18 days from the date of approval by the Board)

Financial YearTypeEx-DatePayable DateDividend (SG Cents)*
2023

Ordinary (Interim)

Aug 14, 2023

Aug 22, 2023

5.00

2022

Special

Ordinary(Final)

Ordinary(Interim)

Apr 25, 2023

Apr 25, 2023,

Aug 15, 2022

May 08, 2023

May 08, 2023,

Aug 23, 2023

4.00

4.00

4.00

2021

Ordinary(Final)

Ordinary(Interim)

Apr 26, 2022

Aug 16, 2021

May 10, 2022

Aug 24, 2021

3.00

2.00

2020

Ordinary(Final)

Ordinary(Interim)

Apr 27, 2021May 06, 2021

4.00

0.00

2019

Ordinary(Final)

Ordinary(Interim)

May 26, 2020

Aug 21, 2019

Jun 03, 2020

Sep 04, 2019

3.00

2.00

2018

Ordinary(Final)

Ordinary(Interim)

Apr 24, 2019

Aug 14, 2018

May 13, 2019

Aug 31, 2018

2.00

2.00

*Gross dividend. All dividends paid from January 2018 onwards are tax exempt one-tier dividends

Analyst Coverage

FirmAnalyst
CIMB ResearchLim Siew Khee
Citi ResearchJame Osman
CLSA Asia-Pacific MarketsLow Horng Han
DBS Vickers Securities (Singapore)Ho Pei Hwa
HSBC LimitedRahul Bhatia
J.P. Morgan SecuritiesSumedh Samant
Macquarie Capital Securities (Singapore)Foo Zhiwei
Maybank ResearchKelvin Tan
Philip SecuritiesPeggy Mak
Morgan Stanley Asia (Singapore)Mayank Maheshwari
UOB Kay Hian ResearchAdrian Loh