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Dividend policy

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

The company has set out its strategic plan to transform its portfolio and drive energy transition. Its dividend policy aims to balance cash return to shareholders with investment for sustaining growth and driving its strategic transformation, while ensuring an efficient capital structure. Sembcorp strives to provide consistent and sustainable ordinary dividend payments to our 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

For the Financial Year 2023:

  • Sembcorp Industries paid an interim dividend of 5 cents per share on August 22, 2023

  • The proposed final dividend of 8 cents per ordinary share, if approved at the Annual General Meeting to be held on April 23, 2024, will be paid on May 9, 2024

  • Together, this will bring total FY2023 dividend to 13 cents per ordinary share

Financial YearTypeEx-DatePayable DateDividend (SG Cents)*
2023

Ordinary (Final)

Ordinary (Interim)

Apr 29, 2024

Aug 14, 2023

May 09, 2024

Aug 22, 2023

8.00

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
CitiArthur Pineda
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
Philip SecuritiesPeggy Mak
Morgan Stanley Asia (Singapore)Mayank Maheshwari
UBS Securities SingaporeSomesh Agarwal
UOB Kay Hian ResearchAdrian Loh