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Business trusts' average dividend yield rises to 7.1%

THE 10 business trusts listed on the Singapore Exchange now have an average dividend yield of 7.1 per cent, up from May's 6.9 per cent, a market update on SGX's My Gateway investor education portal says.

The 10 trusts have a combined market capitalisation of S$14.3 billion, and trade at an average price-earnings ratio of 12.7.

They averaged price gains of 5.1 per cent so far this year, and dividend-boosted returns of 9.2 per cent. This brings their one-year average dividend-adjusted returns to 18.5 per cent.

The best performers so far this year are First Ship Lease Trust, Keppel Infrastructure Trust and Ascendas India Trust, the report said.