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Singapore Exchange Limited Is Giving Dividend This Week

Stock market operator and regulator, Singapore Exchange Limited (SGX: S68), will be going ex-dividend on Wednesday, 27 September 2017. In other words, you need to own it before that date to receive its dividends.

The company is dishing out 13.0 Singapore cents per share for its fourth quarter.

For the full year ended 30 June 2017 (FY2017), total revenue slipped 2% year-on-year to S$801 million, mainly due to a 7% revenue decline in the Derivatives business.

Meanwhile, net profit came down 3% to S$340 million.

Excluding a one-off loss of S$4 million from the disposal of its investment in the Bombay Stock Exchange and one-off acquisition costs of S$3.7 million for the Baltic Exchange, net profit in FY2017 would have been S$347.4 million. However, this would still be lower than FY2016’s net profit of S$349 million.

Despite the slip in revenue and net profit, SGX maintained a full year dividend of 28.0 cents for FY2017.

Going forward, the company said it would focus on building a stronger multi-asset exchange across geographies and investing for its long-term competitiveness.

For more information about SGX and its dividends, you can check out the links here, here and here.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of Singapore Exchange Limited. Motley Fool Singapore contributor Sudhan P owns shares in Singapore Exchange Limited.