Average indicative dividend yield of 7.1% for business trusts
THE average indicative dividend yield of business trusts listed on the Singapore Exchange (SGX) is 7.1 per cent, says a June 25 market update issued by SGX. This compares with an average dividend yield of 6.9 per cent in the May 20 update.
SGX has 10 listed business trusts - after the CitySpring Infrastructure Trust completed its acquisition of Keppel Infrastructure Trust in May - with a combined market capitalisation of S$14.3 billion. They trade at an average price-earnings ratio of 12.7, and have notched up average price gains of 5.1 per cent so far this year, said the report, posted on SGX's My Gateway investor education portal on Thursday. Accounting for dividend distributions brings their total average return to 9.2 per cent. And the average …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Deutsche Bank has cut dozens in Asia private banking overhaul
Middle East violence heightens market fears of rate hikes, inflation
Tokyo's Nikkei drops more than 1,000 points, most in 3 years
Cordlife calls for trading halt after shares sink to all-time low, pending announcement
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Inside TSMC chairman Mark Liu's short but impactful reign